Your question: How much Indian state is in debt?

Which state in India is in most debt?

Kerala with 47.8% of urban households indebted had the highest incidence of indebtedness among the urban households and Meghalaya with 5.1% the lowest, it said. Among the major states, the lowest proportion of indebted households in rural areas were in Uttarakhand, and in urban areas in Chhattisgarh.

Which state has the most debt 2020?

While New York leads the country in terms of per capita government debt, at $18,411 per person, California, the most populous state, has the largest amount of total debt, at $507 billion. Conversely, Wyoming has both the lowest amount of total and per capita debt, at about $2 billion or $3,437 per person.

Has any Indian state defaulted?

Among the state-guaranteed entities, the Madhya Pradesh State Electricity Board (MPSEB) tops the default list with other major defaulters being Assam State Electricity Board, Meghalaya State Electricity Board, Orissa State Finance Corporation, Bihar State Electricity Board, Bihar State Transport Corporation, and Uttar …

Which country has highest debt?


Rank Country/Region External debt US dollars
1 United States 2.29×1013
2 United Kingdom 9.019×1012
3 France 7.3239×1012
4 Germany 5.7358032×1012
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Are any states in debt?

5. California

California has the fifth-highest debt of any state, with total liabilities coming out to $362.87 billion. … According to this report, the debt would cost each resident of California $33,000 or each taxpayer $74,000.

How much is USA debt?

As of August 31, 2020, federal debt held by the public was $20.83 trillion and intragovernmental holdings were $5.88 trillion, for a total national debt of $26.70 trillion.

How much is Canada in debt?

For 2019 (the fiscal year ending 31 March 2020), total financial liabilities or gross debt was $2.434 trillion ($64,087 per capita) for the consolidated Canadian general government (federal, provincial, territorial, and local governments combined).

Can states borrow outside India?

Citing Article 293 (3) of the Indian Constitution, he said a state can’t raise borrowings without the Centre’s consent if it has any loan outstanding which is repayable to the Government of India. Also, unlike the Centre, states cannot directly borrow from external sources.

What is the debt of Tamil Nadu?

Economy of Tamil Nadu

Public debt 23% of GSDP (2019–20 est.)
Budget balance ₹454,176 crore (US$60 billion) (2.56% of GSDP) (2019–20 est.)
Revenues ₹2.98 lakh crore (US$40 billion) (2020–21 est.)
Expenses ₹3.01 lakh crore (US$40 billion) (2020–21 est.)

How much is India’s external debt?

India’s external debt was US$ 570 billion at the end of March 2021. It recorded an increase of US$ 11.6 billion over its level at end of March 2020.