“So you’ve never smelled money, your problem.”
What does that mean?
No country in the history of the world borrowed their way to wealth.
And yes, the Dutch borrowed their way to wealth, and the British, and America. They actually paid for the services of capital and lo and behold, capital therefore flocked to their shores, they invested it wisely, and it made them rich.
India has been hording wealth since the dawn of time, continually running trade surpluses and saving it in imported specie. As recently as 50 years ago, the entire wealth of the country consisted of assorted manure piles.
Fear of finance is economic stupidity, embrace of finance has caused all the economic outperformance and commercial ascendency ever seen on this globe, anywhere.