Indian States’ Rising Debt Pose Risk to Their Finances, RBI Says
A cashier counts Indian rupee banknotes in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)

Indian States’ Rising Debt Pose Risk to Their Finances, RBI Says

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(Bloomberg) -- Indian states are racking up more debt to fund the prospect of wider budget deficits as they step up spending to fight the virus pandemic, the central bank said.
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