States borrow 43% more, get deeper in debt
Topics Covered: Indian Economy and issues relating to planning, mobilization of resources, growth, development and employment. States borrow 43% more, get deeper in debt: Context: Borrowing 43% more in first 9 months, states fall deeper into debt trap. According to an analysis by rating agency ICRA, States had borrowed ₹3,87,400 crore in the first nine months …
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