Mains GS / Economy Hot Topic- 16 : Bihar Loan Status   Leave a comment

Probable questions: What is present loan condition of Bihar? Describe how can Bihar overcome is financial hurdles?

Presently, Bihar owes Rs 57,000 cr in Loan where the state pays around 4000 crs as only interest every year. but the situation has improved since 2005-06 where it used to owe 42,000 crs which used to stand at 57% of total GSDP.  And in todays term the loan stands at 29% of total GSDP.

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