BofA warns India’s state debt surge could pressure bonds, keep rates high (Soban News)

Gross borrowings by Indian states have jumped almost 20 per cent this fiscal year from 2024 as growth in tax revenues slowed, while they beefed up spending​Gross borrowings by Indian states have jumped almost 20 per cent this fiscal year from 2024 as growth in tax revenues slowed, while they beefed up spending ​Latest News [ SOBAN NEWS: International and National ]