States’ Fiscal Deficit To Widen Past 4% Of GDP, Says RBI Report
A sign for the Reserve Bank of India (RBI) sign is displayed inside central bank’s headquarters in Mumbai, India, on Thursday, Feb. 6, 2020. Photographer: Dhiraj Singh/Bloomberg

States’ Fiscal Deficit To Widen Past 4% Of GDP, Says RBI Report

The Covid-19 outbreak has posed risk to finances of Indian states by pushing up their gross fiscal deficit and causing a rise in debt and guarantees.That’s according to the Reserve Bank of India’s ...
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