State Debt ‘Just About Sustainable’, Argues RBI Paper
A vendor hands Indian rupee banknotes to a customer at a stall in Gujarat, India. (Photographer: Karen Dias/Bloomberg)

State Debt ‘Just About Sustainable’, Argues RBI Paper

A Reserve Bank of India working paper argued that state level debt in India is “just about sustainable” and limits set for it under the ‘Fiscal Responsibility Legislation’ may need to be reviewed.T...
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