Looking at steps to bring down public debt: Sitharaman

The finance ministry is looking at ways to bring down government debt and is monitoring the debt reduction measures taken by emerging market economies, finance minister Nirmala Sitharaman said on Friday.

- Rhik Kundu

While India's public debt is not as high as other major economies', it needs to be tackled with a sense of responsibility so that the future generations don't feel its burden, she told the Kautilya Economic Conclave.

"Data about some emerging market countries, about how they are managing their debt, is something which is actively in our minds in the ministry," Sitharaman said.

"We are looking at ways in which we can bring down the overall debt," she said, adding that the government's debt reduction efforts have been streamlined.

"I am sure we will be able to bring this down."