Maharashtra's Debt Projected to Exceed ₹11 Lakh Crore by 2026-27 Amid Fiscal Pressures

Maharashtra's outstanding debt is projected to rise from around ₹9.3 lakh crore in 2025-26 to over ₹11 lakh crore in 2026-27, with the Debt-to-GSDP ratio increasing from approximately 18.3% to 20.38%. The state finances capital expenditure mainly through domestic borrowings, while interest payments are expected to grow. Despite rising debt and a revenue deficit estimated at ₹40,000 crore in 2026-27, officials maintain that borrowing remains within limits set by fiscal norms and the Reserve Bank of India.