#state indebtness

States debt to hit Rs 71.4 lakh crore in FY22: Report – Times of India

MUMBAI: States’ indebtedness will remain high this fiscal at 33 per cent, which is only a notch below the record high of 34 per cent of their gross domestic products in FY21, as tax buoyancy will be offset by higher revenue expenditure and capital outlays, as per a report. Rating agency Crisil on Tuesday said that aggregate indebtedness of states (debt-to-gross state domestic product, GSDP), is…