States’ indebtedness to be high at 30-31% of their GDP in FY 2023: Report
The aggregate indebtedness of states – measured by debt to gross state domestic product (GSDP) – is expected to remain at 30-31% of their respective GDP this fiscal, almost at the same levels of FY’22 due to flattish growth in fuel tax and discontinuation of GST compensation according to ratings firm Crisil Besides, sticky revenue … Read more
