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Andhra Pradesh, Rajasthan and Uttar Pradesh fiscally vulnerable as lockdown continues, says report

Updated : May 19, 2020 03:24 PM IST

Andhra Pradesh, Rajasthan and Uttar Pradesh are fiscally vulnerable due to relatively higher debt ratios, while Maharashtra, Tamil Nadu and Gujarat are more vulnerable to output losses.
Owing to the drying up of revenues, a number of states in the past few weeks have allowed liquor stores to open while significantly raising taxes on them.
Andhra Pradesh, Rajasthan and Uttar Pradesh fiscally vulnerable as lockdown continues, says report

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