Relationship of Debt and Economic Growth: The Comparative Study between Pakistan and India
[1]
Khuram Shafi, School of Management, HuaZhong University of Science and Technology, Wuhan, China.
[2]
Liu Hua, School of Management, HuaZhong University of Science and Technology, Wuhan, China.
[3]
Zahra Idrees, School of Management, HuaZhong University of Science and Technology, Wuhan, China.
[4]
Amna Nazeer, Schools of Statistics and Mathematics, HuaZhong University of Science and Technology, Wuhan, China.
This research study examines the debt-GDP ratio in Pakistan and India based on the economic data. We analyze the significant relationship between debt and economic growth in India more than the Pakistan. We also investigate that the foreign or domestic capital help the domestic saving, foreign exchange, government revenues, cover fiscal deficit and also contribute on economic development. The study shows that the utilization of debt in India is more significant contributor of economic growth than the Pakistan.
Economic Growth, Internal Debt and External Debt
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