Maha's pre-Budget welfare schemes unlikely to dent state finances: ICRA

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Maha's pre-Budget welfare schemes unlikely to dent state finances: ICRA - Business Standard

Quick Summary:

The spate of welfare schemes and guarantees announced by the Eknath Shinde-led Maharashtra government is unlikely to dent the state's financial position, a domestic rating agency said.

She explained that Maharashtra fares well on the state debt front, and the leverage levels are among the lowest in the country.

Icra Ratings' chief economist Aditi Nayar also expects that there will not be a "runaway increase" in spending even though the "rhetoric may be very high".