Borrowings, Grants Helped States Tide Over A Tough First Quarter: India Ratings
A health worker wearing Personal Protective Equipment (PPE), left, gives a nasal swab to a person for a rapid-antigen methodology Covid-19 test at Sarai Kale Khan Transport Authority in New Delhi, India, on Monday, Sept. 28, 2020. Photographer: T. Narayan/Bloomberg

Borrowings, Grants Helped States Tide Over A Tough First Quarter: India Ratings

Most Indian states saw a sharp contraction in revenue in the April-June 2020 quarter but stepped up expenditure to meet costs related to the Covid-19 crisis. They bridged the gap via increased borr...
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