Manuscript Number : SHISRRJ23613

Role of Public Debt and Sustainable Inclusive Growth in Brics

Authors(1) :-Chandan Mehentar

The paper analyses the role of external debt in the growth trends and help in the sustainable development in recent scenario. As the study found that the public debt has been increased in BRICS countries, the government of these countries must try to reduce it by adopting several policies such as (i) reducing the unplanned expenditure, (ii) rising the revenues without rising the tab base, (iii) encourage the foreign direct investment to boost the production and reduce the investment, (iv) increase the public-private partnership (PPP) in the large project investment such as physical infrastructure, etc. The current study tries to explain the details of public debt and its role in the progress of a country. If we compare the debt ratio to GDP, India rank highest among the BRICS. India’s debt ratio to GDP (67.27%) is highest among these five nations followed by Brazil (56.8%) and South Africa (46.41%). The least debt ratio to GDP is in Russia (13.41%) and followed by China (22.4%).

Authors and Affiliations

Chandan Mehentar
Ph.D. Research Scholar, Department of Economics, Maharaja Sriram Chandra Bhanjadeo University, Baripada, Odisha, India

Public Debt, Sustainable, Planned And Unplanned Expenditure, Inclusive Growth, BRICS

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Publication Details

Published in : Volume 6 | Issue 1 | January-February 2023
Date of Publication : 2023-01-30
License:  This work is licensed under a Creative Commons Attribution 4.0 International License.
Page(s) : 31-36
Manuscript Number : SHISRRJ23613
Publisher : Shauryam Research Institute

ISSN : 2581-6306

Cite This Article :

Chandan Mehentar, "Role of Public Debt and Sustainable Inclusive Growth in Brics", Shodhshauryam, International Scientific Refereed Research Journal (SHISRRJ), ISSN : 2581-6306, Volume 6, Issue 1, pp.31-36, January-February.2023
URL : https://shisrrj.com/SHISRRJ23613

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