States debt-to-GDP ratio worryingly higher than FY23 target, says RBI report

In view of the pandemic induced slowdown, in its projections, the 15th Finance Commission expects the debt-GDP ratio to peak at 33.3 per cent in 2022-23 (in view of the higher deficits in 2020-21, 2021-22 and 2022-23), and gradually decline thereafter to reach 32.5 per cent by 2025-26.

from Economy-News-Economic Times https://ift.tt/3EfiF2D