As tax revenues fall, south states increase borrowings

Tamil Nadu, Karnataka, Andhra Pradesh, Telangana and Kerala have together raised over 1.2 lakh crore, and along with Maharashtra, Rajasthan, West Bengal, Gujarat, and Haryana have emerged as the largest borrowers so far, accounting for 83% of the total state government borrowings of 2.7 lakh crore.

from Economy-News-Economic Times https://ift.tt/31BjjXG