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

The report said undertaking power sector reforms will not only facilitate additional borrowings of 0.25 per cent of GSDP (Gross State Domestic Product ) by the states but also reduce their contingent liabilities due to improvement in financial health of the DISCOMs. The combined debt-to-GDP ratio of states is expected to remain at 31 per […]