Modi banks on households to rein in a ₹29.7 lakh crore debt pile
Prime Minister Narendra Modi has a $346 billion debt problem that his administration wants help for from the nation’s households. A record 29.7 trillion rupees ($346 billion) of sovereign bonds are due over the next five years, a result of pandemic-era borrowing and Modi’s infrastructure-spending binge. To tackle the burden, the Reserve Bank of India…