5 Indian States with High Debt Load

Uttar Pradesh
Uttar Pradesh shows a total debt amount of Rs 2,445.1 billion this year which was 2,240.1 billion in 2011. On the appalling financial state of the country, the bureaucrat said “Prima facie, it appears that we have failed on several fronts.” With the financial restraints since July 2012 the UP state government has put hold on all lending activities except the State Government Schemes. However the state also faces major challenges like corruption, unemployment and irregular electricity supply along with high debt count.

West Bengal
West Bengal is on the third place with 2,115.9 billion in debt which in 2011 was 1,934.1 billion.
In 2009 and 2010 the service industries were the biggest contributors to the GDP of the states. Agriculture is the primary occupation in West Bengal like in most Indian states.  The foreign direct investment (FDI) has been promoted by West Bengal government, which has only entered the FDI in the software and electronics sector. Kolkata is the chief IT center of the state.

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