States set to miss 20% debt-to-GDP ratio target by FY23, says report
Updated : September 18, 2018 04:32 PM IST
Eight states namely Himachal, Jammu & Kashmir, Kerala, Manipur, Meghalaya, Nagaland, Punjab and Rajasthan had debt-to-GSDP ratios in excess of 30 percent in FY18
Sustainability of debt-to-GDP ratio relies on the primary balance-to-GDP and the rate spread (excess of nominal growth over average interest rate on debt).
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