India's National Debt Crosses ₹225 Lakh Crore, Congress Blames Modi Government

India's national debt has crossed the ₹225 lakh crore mark, Minister Santosh Lad announced on [date]. The disclosure comes amid a political row, with the opposition Congress party accusing the Modi government of driving the economy into a downward spiral.

The national debt figure, equivalent to approximately $2.7 trillion, represents a significant increase from previous years. Minister Lad, without providing a specific timeline, attributed the rise to necessary government borrowing. Congress leader [Name] countered, stating that the debt burden reflects poor economic management and has resulted in reduced fiscal space for social spending. The government has not yet released a detailed breakdown of the debt composition.

The opposition's criticism underscores growing concerns about India's fiscal deficit and debt sustainability, especially as global interest rates remain elevated. Economists suggest that while the debt level is manageable relative to GDP, the trajectory warrants monitoring. The government is expected to present a detailed economic review in the upcoming budget session, where debt reduction measures may be discussed.