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State Borrowings to Surge About 18% in Q4
January 04, 2025
|Hindustan Times Haryana
Higher borrowings expected to drive capex, helping economic recovery
NEW DELHI: State governments appear to be priming themselves for a significant capital expenditure (capex) push in the current quarter, offering hope of a drive towards reviving the pace of India's economic growth after a succession of slow-growing quarters.
States, led by West Bengal, Maharashtra, and Karnataka, are set to raise their market borrowings by about 18% year-on-year in the fourth quarter of 2024-25 (Q4 FY25).
According to the latest data released by the Reserve Bank of India (RBI), total market borrowing by states in Q4 FY25 may reach ₹4.73 trillion, up from gross issuances of ₹4 trillion a year ago.
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