![Global Sovereign Debt Trap](https://images.assettype.com/fortuneindia%2F2022-05%2F983b452a-d17e-4b43-9d02-3945cc1f0b41%2FDebt_Trap_Lead.jpg?w=300&q=95)
Global Sovereign Debt Trap
At $300 trillion of global debt, a 1% hike in interest rates could translate into $3 trillion additional interest outgo, equivalent to India’s nominal GDP.
At $300 trillion of global debt, a 1% hike in interest rates could translate into $3 trillion additional interest outgo, equivalent to India’s nominal GDP.