RBI research on potential Sri Lankas among India’s 10 most indebted, some near-bankrupt states
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- čas přidán 13. 07. 2022
- Department of Economic and Policy Research under RBI released a report over the vulnerability analysis of the ten most indebted states. Shekhar Gupta in episode 1035 of #CutTheClutter breaks down the report and explains why some Indian states are at a risk of bankruptcy.
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Read the RBI report here: rbidocs.rbi.org.in/rdocs/Bull...
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“Punjab is borrowing & spending, borrowing & spending and doing Balle-Balle”. SG sir’s humour at its best 😂😂
And threatening Bhindranwale and Khalistan if we don't bail them out.
Balle Balle Oye 😂😂
Same in kerala
He himself from punjab...old puppy of govts
@@viswanathanseshadri1047 what bail r u talking about..who is threatening u.. punjab now need its rivers water either stop to delhi n raj or will charge money with all dues as it was charged before 1955
Maharashtra maintained Debt to GDP ratio below 20 % despite having largest economy in India.. Well done by my state... 👍
Jai Maharashtra 🙌
It did so by growing the economy. They improved their Tax base and revenue collection.
Mumbai solely pulls Maharashtra. Vidarbha is in pathetic state in terms of infrastructure, water, electricity etc.
The debt:GSDP ratio in respect of progressive States Maharashtra - 17.87%
Karnataka - 18.04%
Tamilnadu - 21.08%
Gujarat - 21.1%
The Hindu dated 16 march 2022.
@@libshastra During MVA they did vasooli not official tax collection. Good riddance MVA.
A very essential data. RBI needs to publish this report every year. The central government should bring in necessary laws and guidelines to check such defaulters..
Modi should send his JCBs to dismantle the houses of people of these States , immediatley . He cannot do anything else .
I just noticed except Rajasthan and Madhya Pradesh many of other states have political history of socialist and communist government. Punjab is notable exception
you could had just said bihar, kerala and west bengal. why took that much of pain 🤣🤣
Well said. That ideology is a virus.
Kerala could be understood it is going through population contraction.Its per capita contribution to the Indian union is still very high.
Punjab historically had strong communist leanings.
I am from Rajasthan and can say that none of the governments (BJP or Congress) have done anything significant in the last 15 years.
I think Maharashtra and Gujrat are the only states which are in Green Zone according to this report.🤐
Entire north east sir .
And Tamil Nadu.
Almost as if being the strongest states(economically) affected the report lmao
@@tge2102 Rubbish. TN should be first in the list for accumulating huge debt.
Karnataka, Orissa etc. also doing well
Telangana is doing pretty well too
West Bengal government has stopped paying pensions to many of its retired employees. Several municipal bodies are doing the same
Why do Bengalis vote for Mamata Didi for three terms? I don't if Bengalis have become so stupid.
but at least muslims feel safe, thats the most important thing. #secular
@@AP-do6sv nailed it🤣🤣
Sadly true
@@AP-do6sv 😂😂 oh so true!
It is time we bring a law to mandate states and local bodies to have balanced budgets. I just don't understand how states can have deficits, given that they are not sovereign, and do not have influence on monetary policy.
FRBM act is there to do this. 2003 act had its declining to keep fiscal deficit under 3% was 2009 but it has not archive that yet n government of the day keeps on pushing that deadline further and current Target year is 2023 but its very unlikely that we will archive that. It's a disgusting to see people vote for freebies but actually don't realise what they r going to pay for that in future.
@@jayeshnikam2331 there’s a reason for that. Those who get freebies aren’t the ones who will be paying for it! That’s the root cause! The payment comes in the form of currency devaluation, high inflation and higher taxes - mostly paid for by people with money!
@@wokeymcwokeface1974 whats bad for high income earners will ultimately leads to a bad economy that will harm everyone
@@akshat.jaiswal right but who is supposed to think about long term when all politicians want is votes for the next elections?
@@wokeymcwokeface1974 There is going to be the rise in income level of the people at the bottom of pyramid and tomorrow they or their next generation will pay taxes and yes they r still paying for the freebies as india also has indirect taxes and poor also pays while buying a 1 rupees toffee too. So every one is paying for those fiscal deficit it's just that some r paying more and some less.
“We are basically borrowing from our children and grandchildren to pay ourselves right now”
I wish more people could understand this.
WB being a non-BJP ruled state is provided 55.3% of it's money needed from center, whereas UP and MP ruled by BJP is only provided 52.1% and 53.4%, respectively. So, how does opposition say that center does not take care of the states?
Since remember the dialogue sarkar unki hai par system hamara hai. They have a great PR team , journalists and liberals who blame Modi for everything
It may be because WB may have less revenue collection on its own. It is the percentage(not total aid) of total revenue ( money provided by center + state income) provided by center.
Kehne ka baat hai bas. Remember Kejriwal was openly lying during covid... ek to center see jyada resources mango phir bolo kam diya
@@sahusandeep9547 but still why would center put more money than the state would. Why would center show more skin in the game for WB than for UP and MP? You understand that we are talking about percentage to compare across states.
@@kg3217 Delhi's revenue increased by close to 15% after GST was implemented.
So glad that my state of Maharashtra went on to responsible spending. I remember when we were in an huge debt.
What I think is only Karnataka and Maharashtra are doing well. They contribute so much to our gdp
@@karmanyakumar8295 TN, Gujarat telangana are doing fine as well.
@@karmanyakumar8295 Karnataka is 5th on the GDP, TN and GJ are doing better.
@@bugged1212 but all of them are around 270 billion usd and karnatka has major source from service sector which is great.
@@abhijeetagale what India lacks is industrial sector, every other tom dick and harry state can do services. There’s just TN GJ and MH that do most of the industrial heavy lifting. India will move out of poverty with industry and not just services.
Congratulations to all states which are not on the list. Special call out to UP which is not on worst side but probably the best (defying stereotype) on the list. In fact, some statistics for UP suggest positive trends like rising Own revenue. Again big applause to RBI for publishing the facts.
Best? I mean UP is just better amongst the worst states.
Yes.. we need UP model in Kerala!
Karnataka too is getting double engine growth 🙌👏
Karnataka roads and infrastructure are the best in rhe whole world 🌎❤ ! 👌
UP for past 70 years has not much help from Center 😪 and yet has been star performer!
UP pays more tax per captia, gets back how much compared to Kerala!?
UP can pay 25 lacs salary to Hindi professors with no students with its own money! Not from taxes collected from Deccan states!
Government jobs too go to Kerala!?
Government grants, schemes and loans too go to Kerala?!
Due to racism migrant workers from Kerala are flooding UP not yo mention train full of Bangladeshis(which is a poor economy we all know).
Why can't Kerala control its population ? 😒
UP contributed highest remittance of USD!
illiteracy is the reason Kerala is backward!
@@roflkohli2853 yes but even that is being the most populous one. And people always praise so called leading states who give free stuff to people for the short term.
Relief to not see my state on the list.
@@roflkohli2853 it was one of the top 5 in that list before so it's doing much better.
Arvind Subramanian had once written a paper titled 'Aid doesn't work'. I think it can be extrapolated to say 'Freebies and Aids don't work'.
one of the reasons why most states with poor economics are non BJP is that one way to fight the BJP's incursion in the state is freebies, If they do not give freebies difficult for them to survive politically.
@Marxist Me if it was that easy they would have done it already
Correct, most worst performances are of Non BJP ruled states. Very surprising to know Punjab as worst performer
Opposition ruled states have the option to do financial mismanagement and then blame central govt for it.
@@sandeeprao5603 If there was no MSP subsidy on wheat Punjab would be worse
That ploy is so pathetic. it's like slow poisoning.
Welfare Schemes = "Daru Party" hosted with borrowed money (pickpocketed by "Babus" and "Netas"). The biggest joke is Mamata's TMC which has the audacity to wish the fate of Rajapaksa to befell Modi. Let's hope Bengal doesn't have to go through Sri Lanka's fate on account of Mamata's arrogance.
Yogi's Swarg-rajya 'Up' was also there!
@Ranjeet Kumar I don't have any option to pay for your 👓 of spreading hates.I have no sympathy for any Mamta Banerjee.If you have any logical comment against my comment,then please comment, don't throw your stupidity.And check my real comment.
@Ranjeet Kumar Bihar be like :- 🥺🙄
@Ranjeet Kumar I don't say anything to you!This is your culture,or your family tradition of stupidity to manipulate someone's name.If you have anything to say with logics,with economics,then criticise me.Hope,this page is not for gawar like you.Everyone,be a bjp owned state or non-bjp state gave answers with their logics.Some joker like you, the ass licker of Bjp run behind the non-bjp states! 😂
Last information-In my lifetime,I never voted to Mamta Banerjee's party.
@Ranjeet Kumar Atleast we are not the rape capital of India,like UP where women/meye are unsafe in every moment! Up nijer meye ke chai na!
Tamilnadu had huge debt. In last 10 years the debt increased from 30000 crore to 6.2 lakhs crore..tn power distribution had 1.5 lakhs crore debt and transport corporation had 50 k crore debt. This two are major contributors.. Bcz of tn attracting investment this debt doesn't looks big but this is a serious concerns. Hope ptr will solve this puzzle. If not he then who?
True. RBI overlooked TN.
True, besides TN not getting any tax money back from the Union government.
True but TN's economy and tax revenues have grown tremendously as well. There are limits to bad spending, that reckoning will come when TN hit it's growth ceiling and it will come in a way different form.
For eg: TNEB losses and debts will eat into it's Electricity service delivery. TN state can't sit idle while factory units shutdown thanks to lack of electricity.
True. Complete fiscal mismanagement by ADMK in the last 10 years. Hope lies on PTR.
@@sarsonsar0
Come on man stop with this central government not giving us money rr🤦🤦
Should be a headline in newspaper .. these states should be made to explain
Yes you are absolutely right. People should start questioning the administration.
I am really surprised and impressed to not see Uttarakhand and Himachal Pradesh in the list. The parent states of both these states are lagging.
Very sad that states like TN,Telangana,karnataka, maharshtra get such low central funds share when they contribute more .. Punishment for working well 😔
Its like wealthy sc sts taking benefit of reservations
@@offred6013 😂
The educated and developed Southies are doomed to take care of the Hindi speaking, crime committing, uneducated, dirty trashcan Northies.... And i say this as a Bengali. South India should liberate itself oneday and find it's own way. Don't remain under Delhi's rule it's not worth it, never was. Manipur has started fighting, the fight will spread one day to the rest of the country and hopefully India will find liberation.
It is sad to see that Kerala is in such a situation. If the Gulf jobs disappear, I don't know what the future holds for the Malayalees.
Not surprised. Kick out the communists for altest 15 years so the lazy and militant union mindset goes,. usher in industry. Rest of the world has kicked out communists already, as always Kerala is reluctant to change. (by the way I am also a keralite. sadly this is not a topic in the state as the malayalam newspapers are all politically oriented and dont serve facts.)
They have Bangalore don't worry.
@@Albetroz1415 Bangalore is in Karnataka. I have a cousin that lives there, and she says the cost of living is high. Most of the jobs there are for skilled computer workers. Also, it is a different language. I was there in Bangalore three years ago but it was hard to find a taxi driver that spoke English. Malayalees prefer Malayalam, it lowers the stress level 90%. It is spoken in Kerala, UAE, and a few cities in the US and Canada.
@@thomasmanon You contradict yourself, you said what if foreign jobs stop & then you go on to say you prefer foreign countries? Maybe Chennai because Malyalam seems to be closer to Tamil lol
@@Albetroz1415 When traveling in Dubai, my cousin doesn't ask are you from Kerala, he just starts speaking in Malayalam to a random stranger, and they respond in Malayalam. Very interesting to see. I am so grateful that so many big cities around the world take us by the thousands. Yes, we can travel to Chennai and other big cities, but it would be so embarrassing if Kerala went into bankruptcy.
Solid episode! I had no idea Kerala was doing so badly. Punjab and WB were fully expected.
I was infact expecting the reverse
Kerela is literally Sri Lanka 2.0 - Woke AF, NRI Money, Tourism Dependent, No Local Industry.
kerala is just surviving fully on remittance
And what about bihar where BJP is ruling from last 18 years atleast others state condition became like this because they give something to people but state of Bihar is not giving anything to its people but then also it is in the stage of bankruptcy
Kerala government employees salary and pension is were all the money is going see the salary and pension of government employees of Kerala all communist and congress employees
Also need to track these states over 20 years and how and under whom they deteriorated
The most worrying part is that if a crisis hits resulting from their profligacy it will not cause a rethink of their policies and sacrifices like India did in 1991 following our own crisis. They will likely blame others, blame “industrialists” and Centre. Potentially instigate riots to blackmail Centre into a bailout. Unfortunately that just might work considering many of these are frontier states with Pakistan where security card exists.
Spot on! Capitalists, Brahmins, Patriarchy, Fascists whichever label can be applied shall be applied. Mahua Moitra even came up with "vegetarian patriarchy". Anything except realize their own role in their state's doom.
This is bound to happen. Herein lies the seed of disintegration of the Union.
Central Govt should allow asset forfeiture of State govt assets (PSUs) that engage in off budget borrowing. They are mortgageing State assets as a collateral to fund freebies and then depresses the values of these assets. Why should the State still keep the asset? It has clearly shown it can't handle the asset responsibly. It should be taken away from the State.
Fair point. But the regional politicians will play the Center Vs state card.
The government at the center is not BJP, but NDA which includes many regional parties and they don't wanna go against them.
@@kagemushatoyoda9505 it is not like Centre v. State card did not happen at all. How long can we just keep making excuses?
@@deadpool8580 Which is why the CG has a program that allows the States to sell off their PSUs. CG would give States matching funds for their disinvestment of SPSUs
@@libshastra I agree with you on that but the mindset of the majority of the population is against 'selling public industries '.
Punjab, West Bengal, Kerala, Rajastan, MP, AP and few other have very high DEBT to GSDP ratio way over 20% prescribed by RBI.
US has 130% and some other rich about 100% ... 6 times your RBI limts ... why are they not crashing?
@@jaspreetmodi Because of dominance, military+economic
@@anandnaa as long as u make huge money, debt is perfectly fine.meaning Mumbai 's debt is more manageable than kolkatta's debt.
As simple as that.
@@anandnaa prabhu - that wont be an excuse for all nations with high debts as per beloved RBI. Even Pakistan has 70 to 80% and though in trouble but not becoming Sri Lanka for so long now.
@@jaspreetmodi
There is a difference between state govt and govt of a country.
Country has much more arsenal to deal with finance, budgets, economy.
So much for Amartya sen blabbering about Kerala model. It's nowhere close to Gujrat. Gujarat is in much better shape. + If you take away "gulf" employment the state will go completely bankrupt in no time.
Trade union politics and communist' ideology has bankrupted the state for generations, gulf money doesn't yield any direct taxes. People will be well off, government will be dirt poor
@@sauravsuresh remittances create a demand boost which directly impacts domestic consumption. It's basically "exports" of services without paying any taxes the problem is the people who are paying taxes on their incomes they're f'ed because they practically don't get anything out of their money.
Height of it people who earn decent money in gulf still buy freebies in the state. That's the reality
Just go a visit a local village in Kerala. It will feel like a well developed city with exceptional natural surroundings and good govt and private services. The house you buy for 1crore in Gujrat is built in 20 lakhs in a village in Kerala. My North Indian friends came to visit my village in Kerala. They started thinking I was a rich man after they saw my house and other houses in the village. I am a middle class person. Your Gujrat villages are nowhere close. You will find their is wealth equality in Kerala. Not like Gujrat where few people like adani are billionaire and others are barely surviving.
Development is not swanky buildings or roads it is over all development with respect to Human Resources indexes like public health care, infant healthcare, education, transportation, citizen services, female education and upliftment etc..Gujarat still lags in middle or bottom feeder in these indexes inspite of its commercial achievements, that means richer are getting richer with no upliftment of downtrodden
ODISHA is the best state in this chart . You didn't even mention it .
For the Dilliwallas and moneywallahs...Odisha is probably a district somewhere inside Bengal...repeat to yourself everyday after u wake up..." Odisha is not a market"
After viewing this video I decided to check what percent of GSDP each state gets to spend in their budget (without borrowing). Although, the video already alludes to share of central assistance in the state budget at 23:13 but still I found following numbers more informative.
For FY 2019-20
State: Budget as % GSDP (RE receipts without borrowings/GSDP in thousand crores)
Haryana: 10.9% (85/780)
Kerala: 11.6% (99/854)
AP: 11.9% (115/971)
Punjab: 16.7% (90/539)
Rajasthan: 18% (180/999)
WB: 13.6% (164/1207)
UP: 22.3% (376/1688)
MP: 15.6% (146/937)
Jharkhand: 22.7% (73/321)
Bihar: 25.6% (152/594)
Since, the report alludes to what would happen if each state has to fnance themselves separately, should it not adjust their calculations for the state GDP (which they do in a way but leave much to be desired). In the above list, you can see that if state like Haryana, Kerala, AP and WB to an extent were separate tax earning entities their revenue as percentage of GSDP would be on par with other states say around 15% if we average it across states. But some states receive 22+% of their state GDP as revenue so they don't need to borrow as much money.
According to me states like Haryana, AP, Kerala should not be bunched with states getting to spend almost twice the amount in terms of % of state GDP. Should they control their expenditures like any other state? Yes but they will never be at the risk of default the way SL is if they managed their revenue on their own. For example if each state got say around 20% of their GSDP as receipts, their finances would improve by large margin and they would still be receiving lower % of their state GDP compared to UP, Jharkhand and Bihar.
Now given that we don't live in that hypothetical world where each state can get equal share from their state GSDP, states need to live within their means. They ought not give vote buying subsidies.
Suggestion for correction at 12:45. For every one rupee Punjab can spend on capital expenditure, it spends "1660 %" on revenue expenditure (as 16.6 in RBI report is a ratio not percentage).
Great to see Naveen Babu doing so well ! BEST WISHES TO ORISSA !
You're from here or bengal ?
@@ayushpanda8896 is it really matter to praise a some person?
Standardised rules for financial emergency to automatically kick in must be made to tame profligacy of the states.
what a nazist view of threatning federal structure
@@amit_achrekar411 1. STANDARDISED rules so that there is no arbitrariness in their application, just as there standardised are rule to declare NPAs, insolvency etc. NK Singh Expert Committee recommended states should not have debt to GDP ratio more than 20%.
2. I said profligacy and not fiscal independence. See a dictionary if you don’t understand the word profligacy. States such as Punjab, Rajasthan are in much worse condition than Sri Lanka but are continuing because of Central Government. There has to accountability and course correction eventually.
3. If financial emergency is such a nazist view then why the hell did the fathers of the Indian constitution put it there.
4. India is quasi federal country with a strong unitary government.
5. No government can be allowed to ransack a state’s economy for political gains/mileage. Learn to differentiate between ‘discipline’ and ‘nazism’.
Kerala debt is more than reported. State started a circus of floating Kerala infrastructure investment fund and borrows through that outside budget. For pension too another corporate is floated to bypass budget provisions. Add that to the gap Kerala deficit is alarming than what the report of RBI says. Yet media is not focusing on the danger even now.
All government employees salary and pension the money is going
Same with telangana
State govt assures corporation loans which will b solely payed by state govt only
Shekharji’s sense of humour…He goes, “…again my Punjab is at the top in borrowing and then doing balle balle.”
Nothing is permanent. This will also pass and Punjab will again be in the real 'balle balle' economic situation.
@@Punjab_Punjabi_Punjabiat Not under the current circumstance and the way promises have been made during the last state election!
@@Punjab_Punjabi_Punjabiat Seriously dude?
@@neerajkumar-ts6om why not?
@@Punjab_Punjabi_Punjabiat punjab failed industries permanently that's why
We need 3 things-
1. People of those 5 States specially- Punjab, West Bengal, Rajasthan, Kerala & Bihar need to ask their government how did they reach in such a position & what is the roadmap for the future.
2. Central Government needs to bring a law asking states & urban local bodies to have a fiscally prudent budget.
3. There's a need to clearly define Welfare & Freebies. Ban Freebies because these Freebies are a big threat to the entire Nation.
Yes.. we need UP model in Kerala!
Karnataka too is getting double engine growth 🙌👏
Karnataka roads and infrastructure is the best! 👌
UP for past 70 years has not much help from Center 😪 and yet has been star performer!
UP pays more tax per captia, gets back how much compared to Kerala!?
Government jobs too go to Kerala!?
Government schemes and loans too go to Kerala?!
Due to racism migrant workers from Kerala are flooding UP not yo mention train full of Bangladeshis(which is a poor economy we all know).
Why can't Kerala control its population ? 😒
UP contributed highest remittance of USD!
illiteracy is the reason Kerala is backward!
These are all too idealistic. Democracy has completely failed in plenty of countries, eg. USA, India, UK, etc.
1. Politicians are not accountable to the people at all. And the people don't know how to ask for reasonable things.
2. Politicians' motivation is "what will bring me votes". Most other activities are a sideshow.
3. People often riot for welfare and freebies. Be it reservation for a new group of people or repeal of farm laws. Riots are how Indians get their way. And the demands are never reasonable.
@@shyamraa While this is a pretty good sarcastic comment why do you assume I am supporting UP here?... Obsessed with it or general assumption?...
UP has done bad & it's just on the borderline though still has a good chance to improve things. The states I listed like Punjab are 50% almost in debt which is way too high compared to 24-26% of UP. National Avg. is at 20-22%.
Most Govt. jobs go to Bihar honestly, not UP. Central Government schemes & loans are distributed equally though it can also depend on who requires it more (in this case UP does due to it's Social Parameters not being the best by a good distance). If you know how schemes work, you would know that in most Center-State schemes, States are the implementing agency while majority funding is done by Center. For eg. Ayushman Bharat is a Central-State scheme. UP has implemented it & even brought out a state version. Idk abt Kerala so I won't comment. Even WB has brought it's own version.
Have said it before & again saying it, UP & Bihar need to control it's population. That being said Migration happens in a lot of states. Many Keralaiites come to Delhi for jobs, specially in the Healthcare sector but I personally have never seen them being treated badly (could have happened but I haven't seen), atleast they aren't treated the way UP walas are treated across the country.
@@advaityachandhoke1406 Yes. I have very nice memories working in NCR.
Punks who could not compete technically resorted to calling us Madarasi... Shyam means Black... you look like Africans.
My Hunnic manager in HCL Bangalore with no tech background had Whatsapp status: "Darker people have Darker Hearts" 🙏🏿
Called self Ram bhakth!
And when I asked HR to change my project they said not possible!
Have not received 2 months salary that I have worked for let alone notice period!
Manager got nice posting in Amsterdam with salary 10 times what I have.
We have to do tech work for 14 hours ...no long holidays...no promotions and should shut up and take racist assault too?
This happened in Karnataka which meant land of Black people!
And you are talking about poor treatment of Hunnu-Ghora?
For destroying Taxila, Gupta empire allying with Turk, destroying Nalanda, allying with Mughal, backstabbing Maratha, allying with Brits and great treatment we have received after independence till now you are right ... we have been unfair... keeping our mouth shut! 😑
Why do Hunnu pretend to worship Ram, Krishna, Shiva,Kaali? Go pray fair and lovely Zeus or Thor or Tengri!
Kerala govt 60% spending for pensions for the retard govt officers and KSRTC staff😂...income coming from Gulf.👏😂
Of the 10 states , 3 have BJP, 3 have INC, the rest are local governments. As always political parties are equally useless. No one is better or less.
Because they all know voters don't care about dept of the state but they definitely care about freebies .
Congress is ruling only 3 states. All of them have highest debt. So among bad, congress is worst.
And Uttar Pradesh tax revenue going up at good rate since 2018. Look at the chart in the end of video. 100% increase in 5 years.
Also Bihar is expected on any such list historically.
@@marshalLannes1769 Kya Tyagi saab, RBI neh kudh UP ko ghatiya bata diya, par aap fir bhi uski naare gaah rahe ho.
Finally some one got it.
That's why I am apolitical. I have lost faith from Indian political system
@@abhinashkumar3161 and temples too
As a Bihari, I had never admired Nitish Kumar's decision to ban alcohol altogether, though I still electorally support him. An approx. Rs. 16,000/- cr. annual loss to exchequer...... Gosh! that's huge for state like Bihar which never risen off its lost industrially viable mining areas which went to Jharkhand in 2000. And that too even when a number of (liquor mafias+administration+corrupt political leaders+lacking public enthuasim) has made a total mockery of the Liquor Prohibition Act. Yet another down side is high RTO taxations in Bihar on newly purchased vehicles. That's pushing many car buyers away. Rubbing insult to the injury..... more and more dole out... subsidies aren't doing any good for the state. A state with highest population density. Scores abysmally low on social indicators. And with a stubborn & myopic C.M. not accepting the reality and hell bent to conduct a caste-based Census, again for political gains.
Plus stigma against industrial development!! How will your state develop man! No huge industry in state means unemployment+ no state revenues!?
Acute Casteism and Rampant corruption.
Bihar is a blot on India.It should be gifted to Burundi.
@@impossible9599 it won't devloped but help other states by sending Labours
@@chandanvatsa8069 Oh really! You know decades ago Nehru said somewhat similar about Ladakh when Pakistan gifted Saksham valley to Chinese. "Not a blade of grass grows there....." Today, that region is strategically more important than the Kashmir valley itself. And as per your "blot on India" statement is concerned..... try search: "Which state has largest production of foxnuts?" "Which state has largest production of litchi?" "which state has most women serving in police force?" "Which states met the goals the COVID-19 vaccination among the earliest?" "List of top states which has performed best in terms of gross enrollment ration in last 10 years?" I think, you would have already figured out before you give trouble to your fingers.....
Very sad to see state of my home state Rajasthan..rich in natural resources, tourism, land and people resources. Should be an asset for the country, but has become a liability. Gehlot and Vasundra are among most poor CMs country has ever got 😢
At least UP is spending this money in infra project which is capital expenditure
Only solution of this problem is to implement the FRBM act as suggested by Finance commission and also there should be the weightage to the states who will implement FRBM act(performance link incentives).
FRBM 2003 act had its declining to keep fiscal deficit under 3% of GDP was 2009 but it has not archive that yet n government of the day keeps on pushing that deadline further and current Target year is 2023 but its very unlikely that we will archive that. It's a disgusting to see people vote for freebies but actually don't realise what they r going to pay for that in future.
Another nuisance is the off budget borrowing. It doesn't even show up in the budget so it goes past the FRMB act.
I have high confidence on my state government (Andhra Pradesh) that we will go bankrupt faster than other states.
There is no doubt at all.
Feeling sorry for Andhra pradesh ppl🥲
I wonder why would anybody want to contest in elections in 2023 with no funds in accounts
It would be really good to compare these metrics to the best states - example: committed expenditure across last 10 states with the top 1 or 3 or 5. It’s difficult to parse what 35% committed expenditure means without having a baseline or an accepted standard.
“Buying votes for myself”- An epic line sir
And Imagine Ex-IRS Officer , an IITian is heading a party dat is spraying Freebies around in a state like Punjab which is financially completely broken down......and even Mamata, shouting on top of her voice, mahua n derek o brien shud look at W.B before thinkin of leading the nation n becoming P.M candidate.....jus imagine one of this guys becoming p.m of India, lastly, Rahul Gandhi has promised 72,000 a yr under nyay scheme....
And what about freebies given in up and freebies which center is providing on the kisan samman nidhi , free ration, and what not and in this chart half of state are BJP run State
@@shubhamjha4998 punjab, w.b, kerala, jharlhand, a.p, bihar , rajasthan....r dey bjp govts.....??? C.m der isnt bjp....wat d hell half r u talkin abt......socialism n communisn is responsible for all dis
@@NishadKelkar my dear in Bihar BJP is in power with its allies and communist never ruled in Bihar and madhya pradesh, haryana, up are all BJP ruled state Rajasthan was never ruled by communist or socialist from last 25 year every election government changes so congress and BJP both are responsible there in 2014 foreign debt was 42 lakh crore and now it's 114 lakh crore and who is responsible for that all of us know that
I think AAP has realised that they can't keep there promises and hence focusing on winning in other states.
Which promises that aap have not kept ? Aap have shamed both Modi and Congress in national capital three times in a row. Do you think they could do that without completing their promises ?
the data is till 2021... I think aap won this year right?
Absolutely correct analysis by Badal Singh.....They know they can't fulfil promises so they give tonnes of free iss by borrowing huge debt.... As soon as state starts collapsing they will blame bjp and if needed run away from country just like Rajapaksha
Remember, Aap's narrative is that they are honest while rest are corrupt. And there is no formula to measure honesty, so they keep making a crusade against anybody who oppose them by saying "saare chor hai jii, hum imandar hai isliye koi kaam karne nhi de Raha"
@@sibisabu5592 They can keep promises in Delhi, Delhi is by far the most overpaid state/city in India, its tax collection is less than that of mumbai but gets nearly 30% more budget than Mumbai from government.
However, this freebie tactic wont work anywhere else, but I think he'll just blame it on someone else.
While this is a brilliant analysis on 10 states with at risk financial conditions, it would be great to highlight and analyse the states that are doing well such as Gujarat, Maharashtra and Odisha. It may help the laggards learn from the leaders.
@@dex2369 True. A lot of the positives can do be adapted though.
Surely the leaders and admistrative officers of these states know what is wrong and how to correct ths situation... But Politics prevails over Economics...
Bengal which produces most highly literate economists and Bihar with plethora of IAS officers surely can get right advise and people to implement...
Again... It is th politics and will of leaders to correct the situation
Sir could you do CTC on
1. Data on Child labor statics not available with government.
2. Indians ranking in health and survival index worst so far
I couldn’t agree to this report on Andhra. Half of the them are in US and I recently heared that US will be renamed as United States of Andhra. Come on guys. They pump in cash like anything bro … surprised to see TN not in the list coz Stalin family alone has 5k crores, imagine his party members
Really half of them?...just bcoz ur pumping money from outside..it goes only those few families who hv people outside the country..Andhra is agriculture based state..not industry based unlike tamilnadu..so the GSDP will be more..nowadays govt is giving everything for free...there is too much emphasis on welfare but not on development..so govt will be automatically debt ridden...revenue generation is less but spending is more..
I am a telugu from vijayawada..now in chennai..5k crores key anesthunaav..manodi daggara 100K undanta..mari dhaani sangathenti...nuvvu oppukunna oppukoka poyina..state finances emi baagoledhu..
I wish govt jobs followed similar process like corporate jobs. Even if govt jobs become 50% of corporate level, India would grow like crazy
@lakshya varshney there nothing like overdeveloped
There is always room for improvement.
You think a company like Samsung or apple stops after releasing one flagship?
Why would a country like India, with so much potential, stop at anything less than the best?
There is ALWAYS room for improvements
It's deeply worrying. Centre must stop giving money to these states.
Each state is entitled to its share of revenue as they contribute to centre’s treasury.
Centre is not giving money to any state by its own pocket. It give the share of taxes that is collected from the sates.
So those states should not fund schools, police, roads, water supply in those states. Nice idea.
What about Centre?
@@TerraIncognitaz All states belong to the nation. The 'centre' means government of India. Revenue distribution is for administration of the nation.
Free market economy is the solution.
Government of India and RBI should stop giving guarantee after particular limit. Let these states face open market. Market will pay them for good credit rating only.
Very true👍
Punjab also elected a party that's not known for it's fiscal policy. Punjab should consider itself blessed to be part of India, otherwise given its budget, it would have gone down the Sri Lanka route of collapsing Govt finances.
Punjab's current budget is pretty bad for the State. Free electricity and free money is the worst kind of expenditure. Punjab can't pay for it's teachers or Police. It's not just penny wise pound foolish, it goes beyond that.
Whyy didn't BJP clear that mess when they were in power with SAD for 10 years
If the government stops giving freebies then everything will start getting better.
@@karankapoor2701 they didn't make it worse. AAP definitely is.
@@freethinker262 you'll have more money to spend on schools. At least timely salaries will improve their output and outcomes
@@libshastra you stupid moron AAP is just 100 days old government , didn't IT cell told you that it was SAD and BJP ruling Punjab for 10 years
There should be a law stating if Debt to GSDP ratio is above 20% all subsidies must be cut, salary and pensions of politicians must be cut, maybe i'm oversimplifying, but something along these lines must come.
TN is synonimous with welfare. Some people call it freebies when the poor gets some benefits but conveniently dont talk about the hige loan write offs and tax sops for the corporates.
Whats wrong in TN?? Third best Debt to GSDP (21%) after MH(17%) and KA (18%) Miles ahead of MH, KA, GJ in multidimensional poverty index, second in list after kerala(Niti Ayog 2021 report). Has the highest GER for higher education in the country at 52%, double the national average. All achieved by providing free meals, bicycles, books, laptops, electricity to the poor. Thats what a good government should do- to take care of the weakest section of the soceity, but do that responsibly. No need for a law to curtail the benefits that the poor get
Bifurcation of United Andhra Pradesh, led Andhra in to this list with out any capital city & Mr Jagan Mohan reddy giving free run to Christian missionaries, giving more & more to freebies with no opposition party he is doing Bhala Thandanana …
If so many states are spending so much money on welfarism where’s the result? India’s rank isn’t increasing on any social indicators. Moreover these state governments are the first to blame the centre every time a UN Report comes out. We also need to make state governments accountable for their actions, they cannot hide behind the centre for any longer.
All the money going into corrupt politcian and IAS cadre pockets...
I was so eager to know from SG of his perspective regarding freebies of certain states. And he never disappoints.
These states should come to Maharashtra to learn how to maintain debt to GDP ratio. Instead of giving freebies MH has given a benifit to the industry and also spend on capital expenditure that automatically lead to employment generation and taking people out of poverty. Giving freebies is worst idea MH has implemented that fish lesson in it's growth story. thank god that despite having 5-6 party's and tough compition amoung them no one is running behind freebies to win elections. State with good infrastructure(as it takes a huge Money to build it) and such large Economy (it required to give incentive to company's) is maintaing Debt to GDP ratio below 20% is remarkable. Proud to be Marathi.
The debt to GSDP ratio is not the holy grail. While debt to GSDP ratio is important, there is also a multidimensional poverty index which takes into account the health, education and quality of living of the people. This is a reflection of how well the wealth is distributed among the people. MH, GJ have 15 and 18% people who are multidimensionally poor. TN only has 4.5%..
@@everhigher8040 HDI of mahais 0.7. Which is way better than most states
@@everhigher8040 Tamil nadu has done good but the AIADMK govt has taken High volume debt and this may hinder future growth.
@@abhijeetagale Agree. With a large population TN and MH have done well in HDI. As per the 2019 HDI index, TN ranks 9th (0.70) and MH ranks 12th(0.69). The states which rank 1 to 8 are union terrotories or smaller states with a poplation around 3 crores- much smaller than MH and TN.
Maharashtra crushed communists in 1980s after the famous mill strike. So it is doing well.
Take it from me. More states would follow M.P and Rajastan and revert to old system of defined pension scheme, more particularly West Bengal and Kerala.
*Chattisgarh and Rajasthan
Please correct your post. It’s Chattisgarh and Rajasthan
@@animesh_tiwary I am sorry. The error stands corrected.
Rajasthan cannot be a surprise. How do you think Gehlot is running the government? Only through freebies and reverting pension schemes. Congress cannot win without doling and populism.
looks like BJP does better on economics than congress or other parties because they don't indulge in appeasement politics.
MP, UP, Haryana, Bihar???
or mindless freebies. Kejurideen is going to sink Punjab more
@@piscesrajat That's almost 40% of the list...
@@piscesrajat They've been in charge only sporadically there, we've to see how states like UP hold up in the next few years while they're in charge before making a judgement on their governments
@@piscesrajat Haryana has one of the highest P-C Income in India
Tax on alcohol may shore up the government's coffers to some extent, but at the end of the day, it reduces productivity and increases expenditure on policing.
People drink anyway. Prohibition leads to illegal booze
Whenever I see what is happening in Sri Lanka, AAP’s populist schemes comes to my mind.
That is what makes AAP special. AAP is giving so many populist schemes without borrowing. Kejariwal is managing all the freebies from the tax money itself. Also, he have paid off the debts of previous government too. All other states are dooming in debt while delhi have surplus budget. Education matters.
What nonsense when it comes to debt management AAP run Delhi is the best. WHEN DATA BLOWS YOU AWAY !!!
RBI data shows Delhi is the only state which has consistently reduced their liabilities since 2014 (surprisingly Gujarat my home state the liabilities has balloned from 1.88 Lac Crore to 3.54 Lac Crore) too much debt is extremely bad, hurts the little guy. Some debt & deficit is good. Will other parties learn ?
Delhi reduced their liabilities from 32k crore to a measly 3.6k cr
@@AkashVora Punjab me dekh lete aap ko
@@SK-fs1gd AAP just came into power four months back. Scams worth thousand crore dollars are being exposed every day. Congress and Akali dal have put Punjab into this situation. Things will change positively though it will take some time.
@@SK-fs1gd good point let's hope they do a good job
Good to see Odisha doing well and being prudent in this matter.
Yeah man, I have a high hope from odisha...Being a coastal state, odisha can grow rapidly than provinces and i think leadership there is not as stupid as Punjab or Bengal
Kerala financial terrorism. Most business owners are from a community who don’t like tax
I am sured bjp state are not at top in this list. Non bjp states are at top so shekhar gupta intentionally said that he will not rank .
What a hypocrisy 🙏🤣🤣
22% of power losses happens in discoms because of poor infrastructure. To compensate that loss they sell power at higher prices. States instead of rectifying the infrastructure, gives discounts to people. The problem is as time will pass the loss will be even higher and govt will pay more for the freebies. So rather than rectifying the problem, governments are happy applying bandaid.
UP and Bihar under BJP shows improvement. Other Non BJP ruled are ruining 😭
New law must be passed to restrict the revenue spending upto 50%. And if any case revenue income is reduced consecutive years, the revenue spending shall be reduced below 50% according to revenue loss.
Law must be passed to ensure sustainable economy discipline for both Center and state governments
Hi Shekhar sir, As we talk about freebies and their impact on driving states towards bankruptcy, I would really love to see an episode of CTC on the economics of Tamil Nadu. TN governments have been giving out "freebies" for close to two decades now - Color TVs, Mixer Grinders, Gas stoves, Electric fans, free bus service for women etc. We even have the 'Amma' brand restaurants, iodised salt, bottled water, and cement! In fact, TN was the first state to give free rice via PDS back in 2006 and free electricity. How is the state doing so well on infrastructure, economic growth, and on social indicators despite spurging on "freebies"?
Thanks to Leaders starting from Kamaraj (His Birthday today) and good work by CMs since then, Tamil Nadu is an Industrial power house.
It’s always income vs spend .. if TN has figured out how to earn .. then u can spend
Hi! Kindly see TN finance minister Palanivel Thiagarajan interviews u can get answer for all your questions. Freebies are not a debt, it's an investment. TN leaders from Kamaraj, Karunanidhi, Jeyalalitha focused mainly on Education, women empowerment, poverty eradication related freebies. Poor or middle class people should get few things wat rich or upper middle class can afford this will leads to overall development of the state. An well educated youth or family which came out of poverty will contribute to the society by this we all can get inclusive growth. My Father didn't have Degree but I'm doing Phd with very little expenses from KG, school to Phd level only because of kamaraj and Dravidian ideology.
Seriously?? You are asking SG to talk about TN and its progress?? He is the most biased "journalist" when it comes to TN. I remember rwading his articles in the 1980s. He hasnt changed a bit and your request is surreal. We all know TN is doing well socially and economically but dont expect the northies to appreciate us. They are more tolerant and graciously coexisting with the "dark skinned tamils" in India. We should be grateful to them that they are letting us to live in India.
High quality journalism analyses and brings into the awareness of the citizen those matters of contemporary happenings which would otherwise been not been discussed on a broad basis. This particular episode about such an important issue (and somewhat complex) made so digestable has made me appreciate journalism (good journalism*) so much more and highlighted to me, one of the most important role of media- to cut the clutter.
Hi Vinayak, glad for your response, keep writing.
@@ThePrintIndia but sir not many people understand English your shows are must be translated in every major language of India
You can feel the sarcasm flowing through the screen when he says: "Champion"
It is a matter of time. The champions will show him in near future that they are the real champions.
So clearly BJP-led states are performing better in both exams than non-BJP led states. So, who is to blame for the economic meltdown in India? It was UPA-I and II when in power and now in opposition.
Bihar is ruled by aliens?
When numbers come out, UP becomes a non-BJP led state.
@@abhisheksaini7792 Didn't quite understand what you mean by that.
The difference between the best and the worst on various parameters is not really huge. This means that overall, our state finances are n poor shape. Every state must reign in revenue expenditure, improve efficiency and productivity and increase tax revenues. Of course, these 5 out of the 10 states may be in danger zone bordering Sri Lankan sort of crisis. But overall message is worth noting.
Oh the difference is HUGE.
Like debt to GSDP ratio.. it’s like 57% for Punjab and 18% for Maharashtra and odisha.. That’s a huge difference.
Did you not watch the video properly 75 % of bihars revenue is from centre.
That's incorrect. This discussion was purely about the 10 worst performing major states of India. States like Maharashtra and Gujarat are a world apart. One surprise in the top performer list (we're only talking about fiscal performance, not overall health) is Odisha.
@@PradeepVasudev yes looks like biju patnaiks party has let the govt live within its means
Panjab , Kerala , West Bengal are in the heat of bankruptcy
What about anpadh PM ??? He has divided just to stay in power..
Also Andhra Pradesh.
@Kaushal Batavia lol Kerala has highest HDI indicators much much better than Karnataka Andhra Pradesh and Tamil Nadu cry silently in your jealousy that a socialist government can provide better standards of life
@@ssd7853 okk.. we are discussion of economics.. pm is anpad.... problem is you are after him.. it doesn't matter what country is doing bad or good
@@ssd7853 lmao how did you guys bring up PM even in state's mismanagement.!?! Literally. It makes no sense.
Being a Punjabi myself I feel sad for Punjab. But the hole we’re in has been dug by our leaders. Populism, nepotism, red tape, appeasement are all endemic to Punjab and it’s affairs.
We spend more than we earn, sell land if we have to in order to buy our favourite cars, criticise and condemn anyone who does anything apart from farming or who doesn’t bow down to our will, don’t want things to improve in farming sector either.
Sad very sad, and we’ll blame central government for our plight. #hypocrisy at its best
@Dk gotabya kejriwal 😂😂😂😂😂 good one
North-eastern states, (hill states) -uttarkhand, Himachal, jammu kashmir and all UTs gets 90:10 central fund for central projects/schemes....
The explanation is brilliant. But, I would've liked more if there was more emphasis on the explanation on comparisons on the infrastructure spending, education spending and welfare spending among all these backbencher states.
So basically any state that are controlled by leaders who can't compete over development so they promise freebies for votes. They are just buying votes by giving freebies and making the overall development of India hard.
The states that are taking measures to not spend out of their limit are left worst off by this. Taking Punjab for example gives a lot more subsidy than Maharashtra, People of Maharashtra are left worst off as they did not get any subsidies. When these states will go bankrupt all states including those who were responsible will have to pay for this, basically all the people from responsible states are going to pay and get nothing in return.
The center need to take strict action against these states. They will undo a ton of development that they other states are working on and also bring down the overall development of India.
AAP's, Mr. Kejriwal has been an IAS and it really disappoints me that he has become one of the worst politician with absolutely no morals. He knows, he is educated and still for votes he is promising freebies that the state cannot sustain.
He does this especially because he is an IAS and knows that the Centre will have no choice but to bail these states out under different Articles which makes sure that the Union cannot wipe its hands away. Nevertheless, the Union is equally to blame. These are finances and money bills do not need an approval of the Rajya Sabha. They could have always brought in a law to control these finances. However, they themselves benefits from the loopholes when they are in power and hence do not want to fix them.
@@SolomonSunder Exactly.
How exactly is Kejriwal responsible here? AAP just came to Power in Punjab a few months back. Lets not forget BJP has been in power in Haryana, MP, UP and Bihar a lot longer and those states are not doing great either. What we forget is the loss to economy caused by corruption by both Congress and BJP. Lets talk about Punjab when AAP completes its terms because we all know BJP can't topple the government there by buying MLA's lol.
@@overlord4509 MP and UP are doing much better than others, just see the numbers as compared to Punjab. Delhi cannot be counted as it is urban area with very dense tax collection that gives a lot more spending power and no burden of rural development. I never said that AAP is responsible for the past, but they are promising even more freebies than past govts. They during election said and now are giving free electricity. That should just not happen.
As for Bihar It is an alliance, and taking any decision is a disaster, disaster Bihar is.
And more I said that I am more disappointed that Mr Kajriwal being an Ex IAS, still plays this freebie politics, we expect more from people like him.
@@adwaits UP & MP are better than worst in the list of worst performing 10 states in a country with 28 states. This still puts them in bottom 35%. Nothing to be proud of.
Delhi had a budget of 28k crore in 2014 if I remember correctly. At that people used to say he will bankrupt the Government with Freebies. 7 years later and Delhi's Budget has grown 2.5x and its the only state with year on year surplus budget. I would see that as an amazing accomplishment.
While doing this analysis had you put the center as a benchmark your conclusions could have been completely different.
The market rates at which states borrow don't hint at too of much of a concern.
The importance of capex is often over hyped. If you look at the asset register and the income on assets this realisation will happen. When capex can't pay for itself it is actually revenue masked as capex.
The arrangement we have is akin to the Euro. Our states are almost like mini countries but have no control on the exchange rate. This leads to lack of auto correction of any imbalances.
Often imbalances can continue to aggravate as better off states benefit and poor states become more poor.
With GST regime (tax accruing to the consuming state versus earlier of producing state) some correction may occur.
If you look at US, no state is allowed to borrow. The states have to balance their budgets. Ofcourse they do a bit of off balance sheet. It's something we should think of moving to in a slow and gradual manner.
In the US states can issue debt/bonds with legislature/voter approval (not US treasuries though). I wish US states were forced to have balanced budgets. I grew up in Illinois - arguable the worst fiscally managed state.
Real challenge for AAP begins now because they have a task to pull out Punjab from such a financial mess, I hope sense prevails and they revisit their manifesto to stop all these freebies
West Bengal must learn a lesson. It must act now
Interestingly none of these ten states except West Bengal has a big city. Even there Kolkata is not a big economic hub compared to other big Indian cities. So, key to these states is to find a niche and become good at it and grow at least one of their cities to a big city. They can take the example of Bangalore, Hyderabad and Pune which grew from Tier 2 cities to Tier 1 cities. This will reduce the burden on existing big cities in India.
Are you blind? UP has so many big cities with Noida being a heavyweight in Industries and service sector.
@@bloodsoccer1012 Noida just feeds off Delhi. People go to Delhi and end up working in Noida. Which other city is there in UP? Kanpur 😂😂
@@arjunps6776 Okay. Which area in Delhi has industries or factories? You're delusional on a whole new level.
I am living in NCR for past 10 years. Most Industries/Service sectors are either in Noida or Gurgaon. Some in Faridabad. Very few in Delhi comparatively. Infact Infrastructure of Noida is far better than Delhi. Almost all the News media of NCR is based in Noida. They are also opening a Film city to rival Bollywood (Which will obviously take time)
Which Indian State have more cities with Metro than UP? Not sure but 0 or maybe 1 I guess. You're delusional AF.
@@bloodsoccer1012 noida, just benefits from proximity to delhi. Lucknow? Is great in culture and history. But every youngster leaves to find jobs. Which other city?
@@bloodsoccer1012 UP has a population of 220Million people but not a single city with a population of 10Million ppl like bengaluru, chennai, mumbai, delhi etc.
In fact kanpur HAS INDUSTRIALLY GONE BACKWARD after independence.
Even after all that poor accounting, state finances look terrible and with little hope of improving. Next time, AAP says free power or TN says free bus travel or RJ reverts to old pension - watch out, next generation will pay a heavy price for it, even if we escape.
Ideally, every ratio is to be defined more precisely - denominator and numerator, for better understanding. Revenue expenditure to capital outlay - is it Non-capital revenue expenses (salary, pension, interest on loans etc) as percent on total capital expenditure accumulated over the years (after depreciation) or is it how many times is revenue expenditure on capex spend for the year. Punjab revenue expense spend is 16.6 times of its capital expenditure (meaning little capital expenditure that could generate future revenues) ? High time governments adopt double entry system of accounting with accrual concept, to make it universal. Else, it is bad reinvention of the wheel by govt Babus, just because they are too stubborn or supercilious to learn an easy, time tested, universal, logical system of Accounting.
Kejriwal can sell his house and pay for freebies..
@@sps6 Others steal and make the public poor .Kejriwal gives to public .
@Sumanth M Tamilnadu is not in dangerous position of deficit did you note.
First of all ask Mr.Modi to create more jobs. He missed the opportunity created by pandemic all companies from China are going to Bangladesh, Vietnam
Chutiye what about Delhi , it's in surplus . Punjab current state is all thanks to SAD- Congress-BJP
@@ishantrading1228 Because Delhi being a Capital has huge tax revenues. Learn Economics.
Vedio of arvind kejriwal is so viral.
Kejriwal:gujrat main bijli free milni chahie ya nahi milni chahie?
Gujratis:nooooo
Kejriwal literally stund by it and surprisingly asked-'are..? Nahi chahie?.. Kyu nahi chahiye?..
Well here is the answer why gujratis refused this free services.. 🤣🤣
I want to watch that video
@@abhinashkumar3161 then search it, are you uneducated who can't even search in CZcams?
Excellent data by RBI and good work by the Print
Many of the union Ministers have swift Dzire or equivalent cars as official vehicle. Meanwhile in Kerala the ministers have fully loaded Innova cars which cost around 35 Lakhs!!!
I am surprised why the central government is not clipping such spending habits.
bro in wb even our mlas gundas ride atleast fortuner u guys so poor
Andhra Pradesh Jagan GOVT is hiding a lot of debt as Corporation debt instead of GOVT debt.
If that is accounted, it will be number one in this list.
Yeah. And a lot of freebies are given directly to people which also increase GDP. So they are finding flaws to make AP a little better on paper
Odisha is better than many other states
Would be interesting to correlate this with the regimes that have been in power in these states over time!
And fun fact, Punjabi owns maximum number of cars per capita and students who went out side of India, Then country have to purchase whatever They produce so basically Punjab is having fun by other states money and yes, it have lowest rates of liquor, Cars and Petrol 😂😂
@lakshya varshney then why they are demanding Khalistan and killed hindus
@lakshya varshney why you think I needs to respond on your question only,also to make a point here, They can go where ever they want, they are part of system which English created to rule the country and congress just extends it but I do care when they keep getting rich in the expense of poor Bihar/East UP farmers on whom successive governments have not pay attention, Punjab have highest concentration of SC population and at same time lowest holdings per capita in the world , Whole land holds by Jat Sikhs because of there services to British in WW otherwise Khatris use to be original land owners there and just like other parts Jats are shudras
Rajasthan has started old pensions😭😭😭😭
It is NOT surprising to see that SG has deeply resisted himself to insert his fav topic politics in this by NOT ascertaining that most of all these laggard states are not BJP ruled states from atleast 2 vidhan sabha terms....except UP which was worst few years back and recently came to BJP and now the least worst in these bottom 10 states...so serious improvements...SG is shying to say that BJP ruled states are doing financially pretty good....."SG: everything is politics ..OH SO un- Hyphenated news .." 😂😂😂 Get a job !
What nonsense when it comes to debt management AAP run Delhi is the best. WHEN DATA BLOWS YOU AWAY !!!
RBI data shows Delhi is the only state which has consistently reduced their liabilities since 2014 (surprisingly Gujarat my home state the liabilities has balloned from 1.88 Lac Crore to 3.54 Lac Crore) too much debt is extremely bad, hurts the little guy. Some debt & deficit is good. Will other parties learn ?
Delhi reduced their liabilities from 32k crore to a measly 3.6k cr
@@AkashVora fache delhi UT hai. Punjab me aap party ki maa chudne vali rkh ke
@@AkashVora what nonsense, Are you seriously comparing Delhi with other comparatively massive size states ? Delhi is a state by constitution by actually just an urban city with urban population. Even within Delhi, a large area and resources are taken care by centre government. Does Delhi has to create 500 km highway to connect cities or the large rural population to feed ? Does Delhi pay for its police expenditures ? Delhi is just like Noida, an urban city in UP without the stress of the whole gigantic rural state land mass where the actual expenses goes with very less revenue coming back...
It is a shame that Delhi state govt is still under debt with revenue coming from whole urban population...It is just due to bad policies by AAP party like free electricity, free water, costly enormous long ads on TV, radio, phone(i stay in Delhi) that it is still in debt...Else such a small population and land mass and higher earnings options, Delhi would have been surplus State...AAP is giving these freebies from state revenue not from its party fund......fooling law loving population and benefitting thief and lazy lurkers...what A fun 🤭🤭🙃
There are plenty of non BJP states that are doing well despite bias against them. Maharashtra (till recently), telangana, odisha, Tamil Nadu etc
@@laxman90210 bro...lack of information ! Maharashtra was under bjp in the last full term ..it was just 2 years under MVH...so bound to do well.... Tamilnadu..see this video again.... Tamilnadu is one of 10 laggard states.... odisha is one of the most poorest state of India...check govt websites.... Telangana...a new small state who stole the most revenue generation city of Hyderabad from Andhrapradesh... 😂😂😂 Lack of information bro...it's all right....i was under the same umbrella before like you ..then i got my information right
I think the GST compensation to states has been extended by the centre beyond the initially decided five years
Not yet. BJP must only compensate BJP ruled states if at all they want to extend..
Please also create video on best performing states
Proves BJP is the best. Interestingly Delhi was not included.Since 3 out of top 4 states with most Central funds are BJP or Aliies' run states, a chart with seperation of devolution and grants would have been helpful.
Because if Delhi was included, his point "Freebies are a bad idea" would not hold merit. Delhi's Debt to GSDP is just at 5% while Gujarat is at 21% after 2 decades of Vikas Purush rule.
Only guy who tells news that matters
AP state cm gone mad and started all free Schemes debts increased 3times comparing to last govt..not even had idea what to do..god father for unemployment corruption and crime percent 🙏🙏🙏
Really good that finally we are talking about this ticking timebomb
Shekharji, I have a question for you! Our neighbour Tamil Nadu spends a lot on freebies yet it figures in no list .
Another point is both Punjab and Kerala have a lot of foreign remittances in site of this , both Punjab and Kerala are in all the going the Sri Lanka way list .Why is that happening?
Have you looked at TN's budget? The huge debt is due to just two sectors ie electricity and transport. Has nothing to do with freebies. It had more to do with BJP's ally AIADMK having not raised power costs, ticket prices. Though in both cases, the increase in price of coal and oil also played a role. Which is why the state is not on the list. It is a temporary phenomenon and also not related to freebies.
Tamilnadu encourages business units and so lot of tax is collected from business activity.
Kerala is a communist leaning state where trade union goons kick companies outside.
So revenues are very low and so govt is poor.
People are comparatively better because most of us go to gulf and get a job. Kerala is a money order economy at best.
All the CMs of the 10 states should be questioned in a public forum and held accountable for the mismanagement and poor condition of these states.....!! And Nitish Kumar should clarify how he's gonna earn all that state excise money which bihar had lost due to the insensible blanket alcohol ban...!!
Exactly, alcohol doesnt cause accidents, irresponsible degenerates do
How conviniently you avoided mentioning Gujarat which is the best performing state in India on all parameters.
When a state's expenditure crossed 51% RBI must take control of the financial sector of the debt ridden state, with the help of CAG they can work out and show the proper way.