04-14-2005, 04:05 AM
<b>World Bank urges India to open up retail </b>
<!--QuoteBegin-->QUOTE<!--QuoteEBegin-->Pointing to the risks posed by the high US fiscal deficit, the official said, "If the international interest rates rise, these would have implications for public finances in India, as external and internal debt would go up."
India has one of the highest external debts in the world, next only to China.
On internal debt, the report states, "There is a risk that public debt burden could increase significantly given the sizeable fiscal imbalances in the (South Asia) region, India in particular."
<!--QuoteEnd--><!--QuoteEEnd-->
<!--QuoteBegin-->QUOTE<!--QuoteEBegin-->Pointing to the risks posed by the high US fiscal deficit, the official said, "If the international interest rates rise, these would have implications for public finances in India, as external and internal debt would go up."
India has one of the highest external debts in the world, next only to China.
On internal debt, the report states, "There is a risk that public debt burden could increase significantly given the sizeable fiscal imbalances in the (South Asia) region, India in particular."
<!--QuoteEnd--><!--QuoteEEnd-->