These 18 states represent nearly 94 per cent of the overall capital outlays of state governments in India
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Rating agency Icra says that leverage (debt and guarantees) level is likely to rise to 30.0 per cent of gross state domestic product (GSDP) in FY2025 from 29.2 per cent of GSDP in FY2024
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In this series, BW Businessworld analyses Himachal Pradesh's fiscal health as the hill state grapples with economic turmoil amid rising debt and limited revenue sources
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