Omar Abdullah flags J&K’s debt distress

J&K’s government disclosed a significant debt of Rs 1.25 lakh crore, equating to 52% of the state’s GSDP. This debt exceeds the state’s budget and includes various loans and liabilities. The economic survey for 2024-25 reveals the extent of outstanding liabilities and fiscal challenges faced by the territory.

​J&K’s government disclosed a significant debt of Rs 1.25 lakh crore, equating to 52% of the state’s GSDP. This debt exceeds the state’s budget and includes various loans and liabilities. The economic survey for 2024-25 reveals the extent of outstanding liabilities and fiscal challenges faced by the territory.