Modest revenue growth, higher capital outlays to keep states' capital outlays at 30-31% this fiscal: Report
Mumbai: States' debt will stay elevated at 30-31 percent of their gross domestic products this fiscal as they have been borrowing from the markets much beyond their means amid modest revenue growth, a report said on Thursday. The aggregate indebtedness of states, as measured by debt to gross state domestic product (GSDP), is expected to remain elevated at 30-31 percent this fiscal, almost similar
Source: freepressjournal.in
