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World affairs impact

 In 2020, the US national debt was USD 23.4 trillion, that was USD 72,309 in debt per person.

U.S. population - 32.82 crores

Last year, India's debt was around 147 lakh crore against this year's estimated GDP of 194 lakh crore . This year, the government plans to borrow another < 1 2 lakh crore  

National Debt also called Government debt

Government debt can be categorized as internal debt (owed to lenders within the country) and external debt (owed to foreign lenders).-——UNITEO STATES TREASURY SECURITY

United States Treasury securities are government debt instruments issued by the

United States Department of the Treasury to finance government spending as an alternative to taxation.

Treasury securities are often referred to simply as Treasury's.—WHO OWNS THE US NATIONAL DEBT.

The United States has the largest external debt in the world.

As of June 2020, the total of U.S. Treasury securities held by foreign countries was

$7.04 trillion, up from $6.63 trillion in June

2019. INDIA'S OWNERSHIP OF U.s DEBT 

"Today, as I stand here right now, we have USD 27.9 trillion in national debt...That is actually a little more than USD 84,000 of debt to every American citizen right here ," Mooney said.

INDIA'S OWNERSHIP OF U.S DEBT 

The US, the world's largest economy, owes

India USD 216 billion in loan as the country's debt vows to a record

USD 29 trillion, an American lawmaker has said, cautioning the  against galloping foreign debt, the largest of which comes from China and Japan.

INDIA'S OWNERSHIP OF U.S DEBT 


"We are going to grow our debt to USD 29 trillion. That is even more debt owed per citizen. There is a lot of misinformation about where the debt is going. The top two countries we owe the debt to are China and Japan, not actually our friends," Congressman Alex Mooney said.

"We are at global competition with China all the time. They are holding a lot of the debt.We owe China over USD I trillion and we owe Japan over USD I trillion," the Republican Senator from West Virginia said on the floor of the US House of Representatives as he and others opposed the latest stimulus package of USD 2 trillion.

















                  











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March 3, 2021 at 10:42 PM
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