• Decrease in investment: India’s rising debt crisis has led to a decrease in investment as investors and lenders are hesitant to invest or lend money to a country that has high levels of debt.
• Inflation: India’s government may resort to printing more money to pay off its debts, leading to an increase in inflation.
• Rising interest rates: The government may need to increase interest rates to attract lenders, leading to higher borrowing costs for businesses and consumers.
• Cuts in social spending: To tackle the debt crisis, the government may cut spending on social programs such as education, healthcare, and infrastructure.
• Slower economic growth: The debt crisis may lead to slower economic growth as the government focuses on debt repayment rather than investing in the economy.

Overall, India’s debt crisis has significant socio-economic implications, affecting the country’s ability to attract investment, maintain stable inflation rates, and fund social programs and infrastructure projects.