Rs18K burden on head of each Gujarati, thanks to state’s debt

The per capita debt of Gujarat, already among the highest in the country, is all set to rise further by a staggering 50% in the next three years. These figures are based on the projections by Gujarat government itself.

With total liabilities (including public debt) of Rs1,13,125 crore as of March 31, 2011, and a population of 6.03 crore according to Census 2011 data, the existing per capita debt of Gujarat works out to be Rs18,760. The per capita debt of the state is expected to increase to Rs21,467 by March 31, 2012 as the state’s total liabilities are projected to touch Rs1,29,446 crore.

By the end of 2012-13 i.e. March 31, 2013, the state government has projected its total liabilities to touch Rs1,48,213 crore. In such a scenario, the per capita debt of the state would touch Rs24,579.