Public Debt in India (Topalova and Nyberg)

Based on evidence from economic literature on prudent level of public debt, this paper, by Petia Topalova and Dan Nyberg, discusses possible medium-term public debt targets for India that is higher than Brazil, and both are above the average for emerging countries. Full text in: http://www.imf.org/external/pubs/ft/wp/2010/wp1007.pdf