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Business
Odisha's Debt Projected to Hit ₹1.48 Lakh Crore by 2027
✍️ Kanak News Odisha
🗓 28 Sep 2026, 08:02 PM
👁 9
State finance data shows Odisha's total debt could rise to ₹1.48 lakh crore by 2027, intensifying fiscal pressure on the government.
Odisha's finance department released a projection indicating that the state's cumulative debt is set to reach approximately ₹1.48 lakh crore by the fiscal year 2027. The estimate reflects a steady upward trajectory in borrowing over the past few years, driven by infrastructure spending and social welfare schemes.
Analysts note that the rising debt burden could limit the state's fiscal flexibility, potentially affecting future investments and credit ratings. The department has not disclosed detailed plans for debt servicing, but officials have hinted at exploring additional revenue streams and tighter expenditure controls.
The projection arrives as the state government prepares its next budget, with policymakers expected to balance development priorities against the need for sustainable financing. Stakeholders, including investors and civil society groups, are watching closely for measures that could mitigate the impact of the growing liability.
If the forecast holds, Odisha will join a handful of Indian states grappling with high debt levels, underscoring the broader challenge of financing ambitious development agendas while maintaining fiscal prudence.
Analysts note that the rising debt burden could limit the state's fiscal flexibility, potentially affecting future investments and credit ratings. The department has not disclosed detailed plans for debt servicing, but officials have hinted at exploring additional revenue streams and tighter expenditure controls.
The projection arrives as the state government prepares its next budget, with policymakers expected to balance development priorities against the need for sustainable financing. Stakeholders, including investors and civil society groups, are watching closely for measures that could mitigate the impact of the growing liability.
If the forecast holds, Odisha will join a handful of Indian states grappling with high debt levels, underscoring the broader challenge of financing ambitious development agendas while maintaining fiscal prudence.