Borrowings by states drop 3% in April-August FY19 to Rs 1.32 trillion

Data compiled by the RBI showed Rajasthan topping states in borrowings as it availed of Rs 35 bn in August by way of SDLs

Borrowings by state governments slid three per cent during April-August of this financial year. By way of state development loans (SDLs), the states availed of Rs 1.32 trillion in this period compared with Rs 1.37 trillion in the corresponding period of FY18.   

For states, the borrowing costs scaled two-year highs in the period under review though the cost dipped by 0.01 per cent in August. The weighted average of SDLs have risen by 0.57 per cent since April this year.  

Data compiled by the Reserve Bank of India (RBI) showed Rajasthan topping states in borrowings as it availed