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State Borrowings to Surge About 18% in Q4
Hindustan Times West UP
|January 04, 2025
Higher borrowings expected to drive capex, helping economic recovery
NEW DELHI: India's 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 across India—led by West Bengal, Maharashtra, and Karnataka—are set to increase their market borrowings by about 18% year-on-year in the fourth quarter of the fiscal year 2024-25 (Q4 FY25).
According to latest data released by the Reserve Bank of India (RBI), the total market borrowing by states for Q4 FY25 may reach ₹4.73 lakh crore, up from gross issuances of ₹4 lakh crore in the year-ago period.
This story is from the January 04, 2025 edition of Hindustan Times West UP.
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