5 Indian States with High Debt Load

Bangalore: When we talk about the country’s financial progress, India is showing a downward economical trend. It’s been reported that in the last decade India’s economic growth has been progressively slow. The Gross domestic product (GDP) has fallen from 8 percent to 5.5 percent in the first quarter this year. Adding to the deteriorating economical agony of the country is the 5 Indian states with the highest debt load.

Maharashtra
Maharashtra is the state with the highest debt amount in India. It was once the financial stellar and now is the number one state with a high rate of debt quotient as per the data put together by RBI on the finances of states. A senior bureaucrat said “We have not been able to mobilize adequate resources and as a result, we are facing the worst ever situation in Maharashtra's history. If we don't improve our performance, global financial institutions will halt financial assistance to this state," as reported by Prafulla Marapakwar for TNN. Maharashtra has a total debt amount of 2,252.0 billion from 2,484.6 billion in 2011.

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