Which Indian state has the highest loan? (2024)

Which Indian state has the highest loan?

Punjab. After Arunachal Pradesh, Punjab has the highest state-wise debt in India. The reasons include excessive spending on agriculture subsidies, pension obligations, and infrastructure development. This put immense pressure on the state's finances, reducing education and healthcare funds.

Which state in India has the highest debt?

Other states that saw their debt pile rise during the last fiscal included Andhra Pradesh ( ₹442,442 crore), Gujarat ( ₹423,711 crore), Kerala ( ₹390,860 crore), Madhya Pradesh ( ₹378,617 crore), Telangana ( ₹366,306 crore), Punjab ( ₹305,047 crore) and Haryana ( ₹287,266 crore).

Which state has borrowed the most money?

U.S. state and local government outstanding debt 2021, by state. In 2021, the federal state of California had about 541.24 billion U.S. dollars of debt outstanding, the most out of any state. New York, Texas, Illinois, and Florida rounded out the top five states with the most debt outstanding in 2021.

Which is the India's richest state?

Maharashtra, the financial capital of India, stands tall as the richest state. With a GSDP of over ₹31 trillion, it's home to Mumbai, the country's largest city and economic hub, hosting major banks, multinational corporations, and the stock exchange.

Which state has the highest GDP in India?

Maharashtra: India's wealthiest state GDP for the year 2023-24 is Rs 38.79 Lakh crore, according to Forbes.

Which 5 states have highest debt?

In terms of the highest off-budget liability, Telangana has emerged as the highest borrower with around Rs 97,940.45 crore at the end of 2021, equal to 9.99% of the gross state domestic products (GSDP ). The next highest off-budget borrowers are Andhra Pradesh, Karnataka, Kerala, and Tamil Nadu.

Which state has lowest debt in India?

However, within the three, it is Odisha which has the lowest debt levels; this shows it has contained its annual fiscal deficit far better than the other two states over the recent past.

Which states have no debt?

Which country has no debt?

1) Switzerland

Switzerland is a country that, in practically all economic and social metrics, is an example to follow. With a population of almost 9 million people, Switzerland has no natural resources of its own, no access to the sea, and virtually no public debt.

How much debt per person in India?

National debt in India

The highest level of the last years at 2.8 trillion US Dollar was reached in 2022. Based on the number of inhabitants, this is a debt of 2,004 USD per person. For comparison, the average debt per person in the same year in the European Union was 32,825 USD.

Which state is best to live in India?

Which state is growing fast in India?

Ahmedabad: With a Compound Annual Growth Rate (CAGR) of 15 per cent from 2002-03 to 2022-23, which was higher than the national average during the period, Gujarat has maintained its position of being one of the fastest-growing states in the country, the state government said.

Who is the richest man in India?

Mukesh Ambani, with a net worth of $117.5 billion, holds the title of the richest person in India.

Which is the No 3 richest state in India?

Which state is 3 richest in India?

What state is deepest in debt?

How much debt is Punjab in?

Punjab spending 20 per cent of annual budget on loan repayments. At the end of the last fiscal, Punjab's debt stood at Rs 3.12 lakh crore.

What is the debt of Delhi?

The state is estimated to repay debt worth Rs 4,914 crore in 2024-25. As per revised estimates, expenditure in 2023-24 is estimated to be 5.2% lower than the budget estimate. Receipts (excluding borrowings) for 2024-25 are estimated to be Rs 64,521 crore, an increase of 4% over the revised estimate of 2023-24.

Which state economy is best in India?

Indian states by GDP

Maharashtra has the highest GSDP among 33 Indian States and Union Territories. As of the FY 2021-22, Maharashtra contributes 13.17% of India's GDP at current prices, followed by Tamil Nadu (8.78%) and Karnataka (8.38%). Other states in top 5 are Uttar Pradesh (8.37%) and Gujarat (8.17%).

Is India a zero debt country?

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. The external debt to GDP ratio declined to 19.9 per cent at end-March 2022 from 21.2 per cent at end-March 2021.

Is India in high debt?

The Narendra Modi-headed National Democratic Alliance (NDA) government will end its second term with overall public debt in excess of 80% of India's gross domestic product (GDP) at current market prices. All new governments, including those starting fresh innings, carry legacy burdens inherited from their predecessors.

Who owns most of the US debt?

The largest holder of U.S. debt is the U.S government. Which agencies own the most Treasury notes, bills, and bonds? Social Security, by a long shot. The U.S. Treasury publishes this information in its monthly Treasury statement.

Which country is in the most debt?

Does China have debt?

In addition, household debt - mostly mortgages - is 61 per cent of GDP. Altogether, China's gross national debt is over 300 percent of GDP. A high debt burden constrains the government's fiscal firepower, preventing it from unleashing bolder stimulus and weakening its effectiveness when implementing support measures.

How much debt is on Pakistan?

Current debt

About Rs. 24.309 trillion is owed by the government to domestic creditors, and about Rs. 1.67 trillion is owed by Public Sector Enterprises (PSEs). Similarly, as of October 2021, external Debt of Pakistan is now around US$121.75 billion.