Debt grows slower than GDP, CAG says; revenue lapses persist

Government debt in India is growing at a slower rate than the country's GDP, according to the Comptroller and Auditor General (CAG). This is a positive sign for the economy, as it suggests that the country's debt is not increasing at an alarming rate. However, the CAG also noted that revenue lapses persist, indicating that the government is still struggling to manage its finances effectively.

Why it matters

India's debt growth is slowing down, which is a positive sign for the economy. However, revenue lapses and irregularities are still a concern and need to be addressed.

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