Indian states violating debt level set by fiscal responsibility law, says report
A report by the think tank 'Centre for Social and Economic Progress' highlights India's problem of off-budget borrowings at both the Union and state levels. The report reveals that South Indian states have the highest off-budget liabilities, with Telangana being the highest borrower. The report also points out that off-budget liabilities significantly increase the debt-to-GSDP ratio of states.
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