Tighten your fiscal belt or sink: IMF ED Krishnamurthy Subramanian warns select states
Punjab, Himachal Pradesh, Kerala, West Bengal, Andhra Pradesh must cut unproductive expenditures, says Krishnamurthy V Subramanian. The former Chief Economic Advisor also said that states with large revenue deficits will find it tough to get out of debt as these are also the states where the growth rate of state GDP is not so high.
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