Meghalaya faces rising debt concerns; ranks fourth nationally in liabilities to GSDP ratio
Meghalaya has emerged as the state with the fourth highest Outstanding Liabilities to Gross State Domestic Product (GSDP) ratio in India, according to the latest audit report by the Comptroller and Auditor General (CAG) for the fiscal year ending March 31, 2023. Among the Northeastern and Himalayan states, Meghalaya ranks third, signaling a growing debt burden.
The CAG report highlights the mounting financial liabilities on the state's Consolidated Fund, which include market loans, borrowings from financial institutions, and advances from the Government of India (GoI). Public debt for the year 2022-23 stood at a staggering ₹14,637.12 crore, comprising ₹11,285.50 crore in market loans, ₹1,349.04 crore in institutional loans, and ₹2,002.58 crore from the GoI.
The report points out a s...










