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Top borrowing states
May 4 , 2023
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- According to the Reserve Bank of India, Tamil Nadu has been the top borrowing state for the third consecutive year.
- In the last financial year 2022-23, Tamil Nadu has borrowed Rs. 68 thousand crores in the first 11 months.
- Next to Tamil Nadu, Andhra Pradesh has borrowed Rs.51,860 crore and Maharashtra has borrowed Rs.50 thousand crore.
- Tamil Nadu was the highest borrowing state in the previous 2 financial years.
- Compared to these two financial years, the borrowing of Tamil Nadu in the financial year 2022-23 has decreased slightly.
- At the same time, Tamil Nadu has borrowed less than the loan amount recommended by the Finance Commission.
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