State Borrowings Set To Surge In FY21 Amid Revenue Slowdown: ICRA
A roadside vendor places Indian rupee notes in a plastic container at his footwear stall in the Sitabuldi market in Nagpur. (Photographer: Dhiraj Singh/Bloomberg)

State Borrowings Set To Surge In FY21 Amid Revenue Slowdown: ICRA

Indian states may see a sharp jump in their borrowings in 2020-21, following a slowdown in tax revenues and a drop in transfers from the central government in FY20, according to rating agency ICRA....
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