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Congress splits over Tamil Nadu's debt, with Chidambaram warning of high debt while Chidambaram defends fiscal health ahead of 2026 elections.
A dispute within the Congress party has emerged over Tamil Nadu's debt, sparked by Praveen Chakravarty's claim that the state has the highest debt among Indian states, calling it "alarming."
Senior leader P. Chidambaram countered that total debt is misleading, stressing that debt-to-GSDP ratio and economic growth matter more, and noted Tamil Nadu’s fiscal deficit is on track to meet the 3% target.
The Bharatiya Janata Party criticized Chidambaram’s stance, highlighting Uttar Pradesh’s higher capital expenditure and faster infrastructure growth.
The debate, unfolding ahead of the 2026 Tamil Nadu Assembly elections, reflects internal party tensions and concerns over Congress’s role in its alliance with the DMK.
El Congreso se divide sobre la deuda de Tamil Nadu, con Chidambaram advirtiendo de una alta deuda mientras Chidambaram defiende la salud fiscal antes de las elecciones de 2026.