Indian States’ Rising Debt Seen Posing Challenge in Medium Term
Indian five hundred rupee banknotes are arranged for a photograph in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)  

Indian States’ Rising Debt Seen Posing Challenge in Medium Term

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(Bloomberg) -- Indian states racked up more debt to fund widening budget deficits after some of them announced waivers for farmers grappling with an agrarian crisis.
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