Get ready #IndiaNext ... its #Modiraj ... Latest calculations have suggested that those who have been citing total debt figures to suggest Gujarat is not the highest indebted state are actually hiding an important fact. While Gujarat’s total debts – or “liabilities” in the Reserve Bank of India’s (RBI) lexicon – were Rs 1.85 lakh crore as of March 2014, and the states with a higher debts than Gujarat were Andhra Pradesh (Rs 1.94 lakh crore), Maharashtra (Rs 2.94 lakh crore), Uttar Pradesh (Rs 2.85 lakh crore), and West Bengal (Rs 2.45 lakh crore), this hides the crucial factor: Gujarat’s per capita debt is higher than all these “more indebted” states. Thus, every child in Gujarat is born with a liability burden or debt of Rs 30,680, which higher than that of Andhra Pradesh (Rs 22,911), Maharashtra (Rs 26,185), Uttar Pradesh (Rs 14,284), and West Bengal (Rs 27,855). bit.ly/ZkV24L
Posted on: Sun, 05 Oct 2014 23:01:37 +0000
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