May 21, 2024, 05:28 PM IST
Arunachal Pradesh: This state in the northeast of India has the highest debt-to-GDP ratio according to Forbes India.
Punjab: This northern state has a long history of high debt levels. Factors like populist policies and struggles in the agricultural sector contribute to this burden.
Nagaland: Another northeastern state, Nagaland faces challenges with economic development and infrastructure, leading to high debt.
Manipur: Similar to Nagaland, Manipur in the northeast also grapples with economic disparity and limited resources, impacting its debt levels.
Meghalaya: Rounding out the top five, Meghalaya, another northeastern state, experiences similar economic hurdles that contribute to its debt.
West Bengal: This eastern state has a significant debt burden. While it has a diverse economy, social welfare programs and past fiscal mismanagement.
Rajasthan: This western state has a high debt-to-GDP ratio. While its economy is improving, historical factors and infrastructure needs play a role.
Kerala: Known for its beautiful landscapes, Kerala in the south faces high debt levels despite a strong social sector.
Andhra Pradesh: This southern state has a high debt burden, with factors like past financial mismanagement and a focus on social programs playing a role.
Uttar Pradesh: India's most populous state, Uttar Pradesh, also has a significant debt level.
Source: Forbes India