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States pare debt, but 20% target still elusive
Financial Express Hyderabad
|February 27, 2026
WHILE POST-PANDEMIC fiscal consolidation along with healthy nominal GDP growth has supported states' debt consolidation to 28.4% ofthe GDP in FY25 from 31% in FY21, debt levels remain sticky, a research note from Care Edge shows.
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Several states such as Punjab, Bihar, West Bengal Rajasthan, Kerala and Andhra Pradesh have a debt-to-G
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