Which state in India has the highest debt-to-GDP ratio?

Which state in India has the highest debt-to-GDP ratio?

Punjab, Rajasthan, Kerala, West Bengal, Bihar, Andhra Pradesh, Jharkhand, Madhya Pradesh, Uttar Pradesh, and Haryana are the states with the highest debt burden in India. These 10 states account for around half of the total expenditure by all state governments in India.

Which Indian state is in debt?

Today there is a debt of 6 lakh 50 thousand crores on Sri Lanka. In India too, states like UP, Maharashtra, West Bengal, Gujarat and Punjab have so much debt burden that the question is being raised whether the situation of these states is also going to be like Sri Lanka?

Which Indian states borrow the most?

Spike in market borrowings

Tamil Nadu topped the list of states with highest gross market borrowings in both FY21 and FY22. According to the Reserve Bank of India (RBI) data, the state’s gross borrowing stood at ₹87,977 crore and ₹87,000 crore in FY21 and FY22 respectively.

Which states have the highest debt per capita?

The state with the most debt is Massachusetts, where the average debt per person is $11,171. The state with the least debt is Tennessee, where the average debt per person is only $893. Total personal debt in the US has reached $14.96 trillion. 77% of American households have at least some form of debt.

Which is the 10 richest state in India?

List

Which state has highest loan in India 2022?

The combined debt-to-GSDP ratio is expected to remain at 31 per cent by end-March 2022,” the report said. States with the highest debt-to-GSDP ratio in 2021-22 include Punjab (53.3 per cent), Rajasthan (39.8 per cent), West Bengal (38.8 per cent), Kerala (38.3 per cent) and Andhra Pradesh (32.4 per cent).

Which state has the most debt?

In 2019, the federal state of California had about 506.66 billion U.S. dollars of debt outstanding, the most out of any state.

Is Delhi under debt?

The debt increased by Rs 2,268.93 crore (6.98 per cent) from Rs 32,497.91 crore at the beginning of 2015-16 to Rs 34,766.84 crore at the end of 2019-20, said the report.

Which states have surplus budget in India?

Out of these, Gujarat, Karnataka, Maharashtra, and Uttarakhand have seen fiscal surplus (revenues exceeding expenditure) in the first quarter. Jharkhand, Odisha, and Uttar Pradesh are the other states that saw a fiscal surplus in the first quarter.

Which state is most in debt?

Debts have increased in the states due to spending habits or a decrease in income from taxes and other sources.
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Here are the 10 states with the highest debt per capita:

• New Jersey – $7,016.53.
• New York – $6,836.68.
• Hawaii – $6,549.89.
• New Hampshire – $5,568.99.
• Vermont – $5,417.97.
• Illinois – $4,826.44.

What state has the lowest debt per capita?

While New York leads the country in terms of per capita government debt, at $18,411 per person, California, the most populous state, has the largest amount of total debt, at $507 billion. Conversely, Wyoming has both the lowest amount of total and per capita debt, at about $2 billion or $3,437 per person.

Which state is fastest growing in India?

Industries Minister Pratap Keshari Deb said on Thursday that Odisha is one of the fastest-growing economies in India as it became a “destination of choice” for businesses in the metal and allied sectors due to natural resources.

Which are the top 5 developed states India?

The seven most developed status are Goa, Kerala, Tamil Nadu, Punjab, Maharashtra, Uttrakhand and Haryana.

Which states are not in debt?

States borrow money for education, defense, health care, and welfare expenses and cover budget gaps, unfunded pension commitments, and outstanding bonds.
States with the Least Debt

1. Texas.
2. Florida.
3. Alaska.
4. North Carolina.
5. Tennessee.

Which states are most financially stable?

Alaska is the top state for fiscal stability. It’s followed by South Dakota, Tennessee, Idaho and Utah to round out the top five.

What is the debt of Kerala?

₹3,32,291 crore
Kerala’s public debt has almost doubled in the last seven years, reaching ₹3,32,291 crore in March 2022.

How much is Indian government in debt?

At end-March 2022, India’s external debt was placed at US$ 620.7 billion, recording an increase of US$ 47.1 billion over its level at end-March 2021 India’s external debt was US$570 billion at the end of March 2021. It recorded an increase of US$11.6 billion over its level at end of March 2020.

Which is the 4th richest state in India?

Gujarat
List

Which state has best budget in India?

List of Indian state budgets

Which is the No 1 state of India?

Rajasthan
List of Top 10 Largest State of India (By Area)

Which state has the highest debt-to-income ratio?

Which states have the most debt?

Which city in India is developing fast?

Surat tops the list of top 10 fastest growing cities in the world between 2019 and 2035, followed by Agra and Bengaluru. Hyderabad is in the fourth place, followed by Nagpur, Tirupur, Rajkot, Tiruchirappalli, Chennai and Vijayawada.

Which state in India has best infrastructure?

In terms of physical infrastructure, Tamil Nadu, Punjab, Haryana and Kerala scored the highest while Gujarat, Karnataka, Maharashtra, Andhra Pradesh and Telangana are still catching up with the leaders.

Which city is fastest developing in India?

List of 10 Fastest Growing Cities in India

1. Bengaluru. Bengaluru has become the technology capital of India and has always been branded as the Silicon Valley of India.
2. Hyderabad.
3. Chennai.
4. Vijayawada.
5. Agra.
6. Tiruchirappalli or Trichy.
7. Nagpur.
8. Surat.

What country is in most debt?

Japan, with its population of 127,185,332, has the highest national debt in the world at 234.18% of its GDP, followed by Greece at 181.78%.
Debt to GDP Ratio by Country 2022.