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Indian households net financial savings have decreased, posing a threat to the government s capital investments. This decline in savings limits resources for the rest of the economy and could require the government to rely on volatile foreign capital. Rising debt levels and stagnant income contribute to this trend, potentially indicating rising inequality. ....
In 2022, before India took over the G20 stewardship, UN chief Antonio Guterres sought India’s support in mobilising G20 nations to help developing countries saddled with debt. India has stepped up to that challenge in an exemplary manner ....
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