Public debt is one of the major tools of resource rallying which diverts the resources in proper channels. Out of the total debt the direct charge on government earnings is taken as public debt. It's a measure of the government debt. The debt is nominated in currency as well as the foreign currency. Public debt comprises domestic debt and external debt. Both the debts have its own advantages and disadvantages. Analysis of the effect of India’s public debt on the economical growth will give introductory foundation for policy development geared towards of a successful debt operation that contributes to a sustainable economical growth in the country. Further the experimenter is keen about knowing the economical background of India through various analyses enhancing for the sake knowledge. Realizing that further countries resort to borrowing and it has increased at an adding rate which had created the desire to study the impact of public debt with a view to understand whether the public debt had given further benefits or downsides to Indian economy over the study period. The increase in public debt may increase numerous economical problems in the Indian economy. India aiming at economical growth is brazened with numerous problems similar as poverty, severance, low investment, etc. the end of the government is to annihilate the problems and develop the nation. To achieve this, the government has to promote investments in weal conditioning which in turn increase the public expenditure. The nonstop increase of public expenditure in economy is the main reason to increase public debt in India. Thus, the experimenter is keen in need to study the different confines of public debt.

Keywords: Information, Reforms, Economy, Nationalised, Developed, Relationship, Revenues, Growth.