ICRA Ratings predicts that Maharashtra's new welfare schemes will not significantly impact the state's financial stability, due to its low debt and strong fiscal position.
ICRA Ratings asserts that Maharashtra's new welfare schemes, such as the Ladki Bahin Yojana, will not significantly impact the state's financial stability. Chief Economist Aditi Nayar expects no major increase in spending, thanks to the state's low debt and strong fiscal position. Maharashtra's capital expenditure is projected to rise 13% to Rs 6.5 lakh crore in FY25. Meanwhile, 13 major states, contributing over 82% of India's GDP, may see modest revenue and fiscal slippage.
October 16, 2024
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