Which metric is more significant in UP: Total debt or debt-to-GSDP ratio?

From 2005 to 2014, the absolute value of UP's debt was increasing at an average rate of Rs 14,441 crore

The outstanding liabilities of UP were Rs 4,73,348.2 crore (Rs 4.73 trillion) as of March 31, 2017. The 2022 Budget Estimates (BE) of the state show that this amount has increased by 38 per cent to Rs 6,53,307.5 crore. 

"If a state is experiencing economic growth, it’s possible that there are social priorities which need funding. This is why we see debt levels going up,” said Suranjali Tandon, assistant professor at the National Institute of Public Finance and Policy.

But, while the absolute value of debt has gone up by around 38 per cent, the proportion of the debt with