Context: India must be worried about the economic repercussions from a debt overhang that a large fiscal stimulus will entail post-covid-19 economic recovery.
Trends of Rising Public Debt in India
Arguments favouring the Budget move of raising public debt:
Key Components that Altered Public Debt in India (between 1951-2018):
Economic repercussions from high debt: it alters interactions between monetary, fiscal and debt management policy