India’s national debt has crossed ₹225 lakh crore, says Minister Santosh Lad
Congress leader and Minister Santosh Lad has criticized the current central government for a significant rise in India's national debt, claiming it has surged from ₹55 lakh crore in 2014 to over ₹225 lakh crore. Lad further alleged that the current administration's economic policies have failed to improve citizen prosperity and have negatively impacted the education sector.
Why it matters
The statement highlights the intensifying political discourse surrounding India's fiscal health and economic management ahead of upcoming legislative council elections. It reflects the ongoing debate between opposition and ruling parties regarding the efficacy of current economic policies versus previous administrations.
Indian economy was consistently growing under the leadership of former PM Manmohan Singh. But under PM Narendra Modi, it is on a downward spiral, Santosh Lad, Minister and Congress leader, said in Hubballi on Sunday (October 11, 2026).
“India has seen 15 PMs since independence. But till 2014, our national debt stood at roughly 55 lakh crore rupees. But now, it has escalated to over 225 lakh crore rupees. We have to question why the current leaders have failed to address this problem,’’ he said. He was speaking at a campaign meeting for Mohan Limbikai, the Congress nominee for West Graduates’ constituency Legislative Council elections.
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