Comments by "红火树 RedFireTree" (@firetree2007) on "India: PM Modi launches 15 airport projects worth Rs 9,800 crore virtually from UP's Azamgarh | WION" video.

  1. This is how the BJP and Modi are attempting to secure re-election, at the expense of India accumulating significant debt. India's "fast" growth largely stems from infrastructure development, including airports, roads, the Sela Tunnel, bridges, and more. This rapid GDP growth raises the question: who foots the bill for all these developments? The answer lies in debt. Despite not being a part of the Belt and Road Initiative (BRI), India is the largest borrower from the Asian Infrastructure Investment Bank (AIIB), an institution associated with the BRI. According to India's perspective, borrowing from the AIIB represents a "debt trap," as it puts the country in a precarious financial position, with this logic, India put itself into this "trap" . While borrowing money for infrastructure projects may seem acceptable, the crucial question remains: do these infrastructures generate enough revenue to cover their costs, including interest (including paying the interest from AIIB (China)? This remains uncertain and varies on a case-by-case basis.
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