India's state debt burden: Which states owe the most
The debt burden of Indian states is increasing. States like Maharashtra, Uttar Pradesh, West Bengal, and Tamil Nadu carry significant debt due to infrastructure projects, welfare schemes, and other expenditures.
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Maharashtra - Rs. 7 Lakh Crore Debt
Maharashtra, a high-income state, faces a substantial debt exceeding Rs. 7 lakh crore due to mega-infrastructure projects like the Mumbai Metro and coastal road projects.
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Uttar Pradesh - Rs. 6.5 Lakh Crore Debt
Uttar Pradesh has a debt of Rs. 6.5 lakh crore, driven by high population-related expenses on healthcare, education, and welfare schemes.
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West Bengal - Rs. 5.5 Lakh Crore Debt
West Bengal's historical debt burden nears ₹5.5 lakh crore, hampered by financial management challenges and lower revenue generation.
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Tamil Nadu - Rs. 5.7 Lakh Crore
Tamil Nadu's debt stands at Rs. 5.7 lakh crore, fueled by rising new loans, welfare scheme expenses, and free electricity for farmers.
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