Meet India’s Chronic Over Spenders

It’s not exactly breaking news but a closer look at how various Indian states are managing their budgets is insightful.   IndiaSpend’s Dhritiman Gupta finds that many Indian states spend more than what they earn, hence consistently running deficits on the revenue account, which then have to be financed by loans.   The states can … Continued

India’s 10 Most Indebted States

Debt is not bad. Many firms raise large chunks of it in their growth and expansion phases. Some ease out of it with time. Others struggle. But while the stakeholders – banks, financial markets and shareholders – can technically put pressure on a firm to course-correct, it’s not the same or as simple with the … Continued

West Bengal & Andhra Pradesh: A Story of Fiscal Contrasts

While the Union Budget is the mother of all, it is now evident the State Budgets in combination or independently have a considerable direct impact on citizens. Particularly when one is in reasonable financial shape and the other is not, or is compelled by politics to keep prices or taxes down.   With more States … Continued