Wealthy countries’ debt could be hurting economies like India. Here’s what IMF suggests
The International Monetary Fund (IMF) warned that rising debt in advanced economies could negatively impact poorer nations like India. It urged these countries, including the U.S., to manage their debt levels to mitigate effects on low-income countries. The IMF also recommended tax reforms to enhance investment and growth, as global public debt is expected to exceed 100% of GDP by 2030.