Some people these saying and you might also be heard that India is not taking more loans from the world. How much true this is? Is it only a rumor or is there any fact in this news?
Today we will do a fact check herewith report of the world bank and Ministry of Finance, Government of India.
India is still taking loans from World Bank or even taking more loans in comparison to previous years. Every year India is increasing its debt in world bank and other sources of external debt.
Here is the report from International Bank of reconstruction and development(IBRD).
Another data we would like to represent here is from Ministry of Finance, Government of India which is published in Trading Economics.