Treading On Thin Ice
Exposure to external debt in foreign currency could put pressure on CAD
In a mere 50 word paragraph, Finance Minister Nirmala Sitharaman indicated a shift in policy to raise sovereign debt. She stated that the government would start raising a part of its gross borrowings in external markets, in external currencies. She argued that India's sovereign external debt to GDP is among the lowest globally, at less than 5 per cent, and if
