2024 Debt to GSDP Ratio (CAG) of Indian States

Debt to GSDP Ratio (CAG)

33.1%** recommended under the Fiscal Responsibility and Budget Management (FRBM) guidelines.

🥇 1. Odisha

16.00%

CAG: ₹1,52,000 Cr

GSDP: ₹8,63,524 Cr

RBI: 16.00%

🥈 2. Maharashtra

22.50%

CAG: ₹7,60,000 Cr

GSDP: ₹40,44,251 Cr

RBI: 18.30%

🥉 3. Gujarat

23.50%

CAG: ₹3,95,000 Cr

GSDP: ₹24,25,800 Cr

RBI: 18.20%

4. Sikkim

24.20%

CAG: ₹10,000 Cr

GSDP: ₹48,937 Cr

RBI: 33.00%

5. Chhattisgarh

24.90%

CAG: ₹1,12,000 Cr

GSDP: ₹5,05,887 Cr

RBI: 28.20%

6. Manipur

25.50%

CAG: ₹13,000 Cr

GSDP: ₹43,588 Cr

RBI: 37.30%

7. Goa

26.20%

CAG: ₹26,000 Cr

GSDP: ₹1,06,533 Cr

RBI: 33.80%

8. Assam

26.60%

CAG: ₹1,58,000 Cr

GSDP: ₹5,70,243 Cr

RBI: 27.00%

9. Karnataka

26.90%

CAG: ₹4,90,000 Cr

GSDP: ₹25,00,733 Cr

RBI: 25.40%

10. Madhya Pradesh

27.50%

CAG: ₹4,05,000 Cr

GSDP: ₹13,63,327 Cr

RBI: 30.20%

11. Tamil Nadu

28.00%

CAG: ₹7,70,000 Cr

GSDP: ₹27,21,571 Cr

RBI: 31.10%

12. Haryana

28.10%

CAG: ₹2,65,000 Cr

GSDP: ₹10,95,535 Cr

RBI: 30.60%

13. Uttar Pradesh

30.50%

CAG: ₹7,05,000 Cr

GSDP: ₹25,47,562 Cr

RBI: 30.90%

14. Jharkhand

30.80%

CAG: ₹1,54,000 Cr

GSDP: ₹4,61,010 Cr

RBI: 26.70%

15. Uttarakhand

32.80%

CAG: ₹81,500 Cr

GSDP: ₹3,46,207 Cr

RBI: 24.70%

16. Tripura

33.10%

CAG: ₹16,200 Cr

GSDP: ₹82,925 Cr

RBI: 28.50%

17. Andhra Pradesh

33.5%

CAG: ₹4,86,151 Cr (5,19,000 Cr)

GSDP: ₹14,39,674 Cr

RBI: 34.30%

18. Mizoram

33.96%

CAG: ₹12,082.26 Cr

GSDP: ₹33,277 Cr

RBI: 34.90%

19. Telangana

34.47%

CAG: ₹5,17,659 Cr

GSDP: ₹15,01,981 Cr

RBI: 26.20%

20. Rajasthan

36.90%

CAG: ₹4,98,000 Cr

GSDP: ₹15,28,385 Cr

RBI: 37.10%

21. Bihar

37.00%

CAG: ₹2,84,000 Cr

GSDP: ₹8,54,429 Cr

RBI: 38.90%

22. Nagaland

37.15%

CAG: ₹18,000 Cr

GSDP: ₹39,809 Cr

RBI: 39.60%

23. Kerala

37.84%

CAG: ₹4,15,000 Cr

GSDP: ₹11,46,109 Cr

RBI: 37.20%

24. West Bengal

38.30%

CAG: ₹6,47,852 Cr

GSDP: ₹17,00,939 Cr

RBI: 38.30%

25. Meghalaya

40.56%

CAG: ₹21,520 Cr

GSDP: ₹53,057 Cr

RBI: 39.80%

26. Himachal Pradesh

43.90%

CAG: ₹85,500 Cr

GSDP: ₹2,07,430 Cr

RBI: 45.20%

27. Punjab

45.80%

CAG: ₹3,06,041 Cr

GSDP: ₹7,44,899 Cr

RBI: 46.70%

28. Arunachal Pradesh

50.40%

CAG: ₹17,000 Cr

GSDP: ₹38,565 Cr

RBI: 56.10%

Telangana and Andhra Pradesh Historical Comparison

19. Telangana

2013-14 (Pre-Formation)

CAG: 19.8%

RBI: 16.7%

CAG Debt: ₹89,423 Cr

RBI Debt: ₹75,577 Cr

GSDP: ₹4,51,580 Cr

2023-24

CAG: 34.47%

RBI: 26.2%

CAG Debt: ₹5,17,659 Cr