The Indian Express
The Financial Express
Latest News
World News
Union Budget
EIW
Market Indicators
Screen
Celebrity Chat
Express Computers
Express Power
Advertisers Forum
Express Careers
Business Forum
Match Maker
Express Properties
Palki - Travel & Tours
Information Technology
Astrosurf
Eco-India
Dr Know
Graffiti
Crossword
Drumbeat: Ad Buzzaar
|
| |
Monday, June 22, 1998
Figure Watch
For all its woes, compounded by the impact of the economic sanctions as well as Moody's downgrading, India's macro-balances, at least as far as debt are concerned, remain quite stable. Indeed, its total debt to GDP is around 108 per cent, as compared to Thailand, Malaysia and Korea's figure of around 240 per cent or thereabouts. Figures for external debt, especially that of the private sector, are also well within prudent limits for India. Interestingly, the proportion of funds lent by banks for property purchase is also very low in India as compared to some of these countries -- 4 per cent of total bank lending is to this sector in India as against 12.6 per cent in Thailand, 19.7 per cent in Indonesia, and 26.2 per cent in Malaysia. Copyright © 1998 Indian Express Newspapers (Bombay) Ltd.
Top
|
|
|
|
|
