# In an op-ed, Prof. Viral Acharya explains why India's debt structure is problematic

1 Faculty News February 4, 2013 ![Livemint logo](/sites/default/files/styles/246w/public/assets/images/livemint%20feature.jpg?itok=nIqY0pI_)>

Excerpt from [LiveMint](http://www.livemint.com/Opinion/TK5We80AvUxlBNsNXInawL/Breaking-the-banksovereign-nexus.html?ref=dd) -- "While India has not experienced a crisis recently, the ownership structure of government debt seems problematic from the view of financial and economic stability. More than 80% of government debt in India is held by banks and state-owned insurance companies. This ownership structure, coupled with substantial public ownership of banks and financial institutions, implies a strong nexus between banks and governments."

[Read more  ](http://www.livemint.com/Opinion/TK5We80AvUxlBNsNXInawL/Breaking-the-banksovereign-nexus.html?ref=dd)