India's public debt management has obviously progressed from a passive to a market-driven process, with developed institutions, instruments, a large number of investors, market-making intermediaries and an efficient market infrastructure. The goal is to guarantee that the money freed up by debt relief is utilized for long-term development, so that countries do not confront unmanageable debts again and their citizens may escape terrible poverty. Overall, the findings support the importance of competent public debt management and making well-informed strategic decisions when weighing the costs and risks associated with the public debt portfolio.