Budget 2023: Centre's Interest Payout On The Rise

Over a decade, India's national debt has gone up nearly four times from ₹32.3 lakh crore to ₹115 lakh crore in FY22. Interest payment shot up from 2.2% of GDP to 3.1% of GDP at ₹8.13 lakh crore in FY22. FY23 is likely to see this go up to ₹9.4 lakh crore. The Comptroller and Auditor General of India has raised concern over increasing Central government debt.