Telangana seems to be running into Red Zone when it comes to debts. The state’s debts have increased by 71% since the state formation. At the same time, Andhra Pradesh’s debts have increased by 32% which indicates the newest state of the country is going too far in debts.
Telangana going for more loans than the deficit-ridden Andhra Pradesh. The National Average in Loans Increase is 33%. This is revealed by the Central government on a question asked by AP Rajya Sabha MP, KVP Ramachandra Rao.
By the time of the state bifurcation, the debts of Andhra Pradesh stands at 1,15,266 Crore and have now gone up to 1,52,902 Crore. At the same time, Telangana inherited debts worth 79,880 Crore from the bifurcation while they now stand at 1,37,108 Crore.
Interestingly, AP is also carrying some extra burden of debts from the bifurcation which is yet to be divided by the Central government. Telangana government is asking for the Population basis of the division while AP is asking for the consideration of the Geographical location of the project for which the loans are taken. So, Telangana will have more debts added to its tally when that is finalized.
