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In 2011, the debt to GSDP ratio was greater than 45 per cent and in 2023, the ratio is 32 per cent, and now the GSDP has increased to ₹90,000 crore which in 2011 was the lowest in India which indicates a significant increase in capex.
In 2011, the debt to GSDP ratio was greater than 45 per cent and in 2023, the ratio is 32 per cent, and now the GSDP has increased to ₹90,000 crore which in 2011 was the lowest in India which indicates a significant increase in capex.
The minister said that 43 per cent of the gross state domestic product (GSDP) came from agriculture.
The normal ceiling for net borrowing by states has been fixed at 3 per cent of their gross state domestic product (GSDP).