- Joined
- Dec 17, 2009
- Messages
- 13,811
- Likes
- 6,734
Considering you fake your trade statistics and GDP growth, you are in a much worse position when GDP is inflated by 30%. That makes your real debt to GDP ratio closer to 300%. Local government debt has doubled in the last two years alone.India has debet about 90% of its GDP, and with a trade deficit about 10% its GDP.
PS. There are only 2 years that India had trade surplus (since 1947)....
China's Local Government Debt Estimated Around 20 Trillion Yuan ($3.3 Trillion), Rivals Germany's GDP