Tamil Nadu’s decade of debt: 309% increase brings repayment pressure and fresh borrowings, says CAG report
India’s audit watchdog reports that Tamil Nadu’s debt has surged by 309 percent over the past ten years, creating significant repayment obligations. A substantial portion of the liability is due within the next seven years, which the CAG warns could restrict the state’s development projects and compel it to depend heavily on new borrowing to meet its obligations.