Punjab's Rs 4.47 lakh crore debt becomes key economic challenge ahead of 2027 polls: Manish Tiwari, Member, Parliamentary Panel on Finance
New Delhi, Aug. 12 -- Punjab's rising public debt and an unhealthy debt-to-GDP ratio could become one of the state's key economic challenges ahead of the 2027 Vidhan Sabha elections, Congress MP and Member of the Parliamentary Standing Committee on Finance Manish Tiwari told ANI.
Tiwari said Punjab's debt-to-GDP ratio is about 55 per cent, which he described as a major concern, with the state's debt expected to reach Rs 4,47,000 crore as of March 31, 2027.
"The debt-to-GDP ratio of a bulk of the Indian states is not very healthy. Unfortunately, Punjab comes right at the top with a debt-to-GDP ratio of about 55 per cent and Punjab has a debt of Rs 4,47,000 crores or will have a debt of Rs 4,47,000 crores as of 31st March, 2027," Tiwari s...
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