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The Hindu
The Hindu
National
The Hindu Bureau

T.N. emerges top borrower in 2024 for the fourth successive year, says ICRA report

Tamil Nadu ended fiscal 2023-24 with gross market borrowings at ₹1,13,000 crore and emerging the top borrowing State for the fourth successive fiscal year, according to ratings firm ICRA Limited.

Maharashtra stood next with borrowings of ₹1,10,000 crore, Uttar Pradesh at ₹97,700 crore, Karnataka at ₹81,000 crore, Rajasthan at ₹73,600 crore and Andhra Pradesh at ₹68,400 crore, ICRA said in its report.

The States, including Tamil Nadu, borrow from the market by auctioning bonds known as State Development Loans (SDL).

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