Over a decade, India's national debt has gone up nearly four times from ₹32.3 lakh crore to ₹115 lakh crore in FY22. Interest payment shot up from 2.2% of GDP to 3.1% of GDP at ₹8.13 lakh crore in FY22. FY23 is likely to see this go up to ₹9.4 lakh crore. The Comptroller and Auditor General of India has raised concern over increasing Central government debt.
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Budget 2023: Centre's Interest Payout On The Rise
Interest payment shot up from 2.2% of GDP to 3.1% of GDP at ₹8.13 lakh crore in FY22. FY23 is likely to see this go up to ₹9.4 lakh crore.
By fortuneindia.com,
![Budget 2023: Centre's Interest Payout On The Rise](https://images.assettype.com/fortuneindia%2F2023-02%2F5175b698-1d5e-49d2-9e68-d5a92ebf4093%2Funnamed__1_.jpg?w=1250&q=60)
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