红火树 RedFireTree
Hindustan Times
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Comments by "红火树 RedFireTree" (@firetree2007) on "Trump Fear Or Modi Magic? Why Xi Jinping's China Is Now Talking Peace To India | LAC | HT Podcast" video.
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this country will get bankrupted by 2030, this is not a joke, go to check your government budget, 25% of total expending is just for interest payment, and this number will grow about 12.5% next, the trend continue, by 2030, total interest payment will be 35% of the total budget, no money for other things, so India is in a debt trap dug by this government. compare to US with much larger debt, the interest payment is 16% of its budget, also China too, the interest payment is only 7%.
India's myth of fastest growth has gone with the wind, the growth was made up by investing too much into infrastructures with huge amount of borrowed money but cannot generated enough money back to pay the interest so the government had to keep borrowing money with high interest rate 6.5-7% compare to China's 4% and US 2.5%. this trick cannot work any longer due to the huge debt burden, Modi government run out of any options. consequences started to show and with no way of solving it.
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