Outstanding Liabilities Across Indian States, 2005-2025

State governments across India owed a combined Rs. 93.9 lakh crore in outstanding liabilities by 2025, nearly nine times the Rs. 10.3 lakh crore recorded in 2005. Debt grew at a measured pace through the 2010s but accelerated sharply after 2020, as pandemic spending pushed annual…

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Outstanding Liabilities, India

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Outstanding Liabilities, India State-wise

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Outstanding Liabilities

Historical Data

Year	Value
2005	2742147
2006	3135192
2007	3398554
2008	3635724
2009	4036601
2010	4544406
2011	5038998
2012	5497653
2013	6064235
2014	6781237
2015	7485846
2016	9010636
2017	10745266
2018	11916236
2019	13259799
2020	14891508
2021	17122969
2022	19033104
2023	20955549.299999997
2024	23354111.4
2025	26131948.700000003

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Source

Table 176: State-wise Composition of Outstanding Liabilities

IndiaPublished in 2025

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