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States' fiscal deficit soars to Rs 4.93 lakh crore in FY16

States' fiscal deficit soars to Rs 4.93 lakh crore in FY16

Sat, Jun 24, 2017

Led by the most populous Uttar Pradesh and the largest Rajasthan, the gross fiscal deficits of all the states skyrocketed to Rs 4,93,360 crore in fiscal 2016 from Rs 18,790 crore in FY1991, according to the latest RBI data.

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