States paid a higher price to find bond investors in FY211 min read . Updated: 31 Mar 2021, 10:50 PM IST
State governments across the country have borrowed a total of ₹7.98 trillion, as per RBI data
The central and state governments faced a double whammy of a sharp fall in revenues and rise in expenditure owing to the pandemic. Ergo, the increase in government borrowing for both the Centre and states doesn’t come as a surprise. But states have borrowed marginally less than what their indicative calendar showed earlier. On the other hand, the central government ended up borrowing more.
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