12 major states may have to cut capex by Rs 2.7 lakh crore in FY21: ICRA
NEW DELHI: Ratings firm ICRA has cautioned that a dozen major state governments, which account for three-fourths of India’s GDP, may have to cut an aggregate Rs 2.5-2.7 lakh crore in their budgeted capital spending this fiscal year due to the pandemic-induced strain to their revenue. The aggregate debt of these states is set to … Read more