Debt to GSDP ratio India 2018-2023
In 2023, the debt of states as a share of gross state domestic product (GSDP) was 33.25. There was a 12.5 percent increase in the period between 2018 and 2023. A higher debt-to-GSDP ratio means higher debt obligations for states. The ratio is a fiscal indicator of a state and also its ability to repay debt.