Chennai: PMK president Anbumani Ramadoss has accused the DMK govt of pushing Tamil Nadu into an ‘unprecedented debt trap’, noting that the state has topped the list of most-indebted Indian states for the fourth consecutive year.
In a statement on Saturday, Anbumani said that by the end of 2024-25, Tamil Nadu’s total outstanding debt has risen to ₹9,55,690 crore, ahead of Uttar Pradesh with about ₹8.57 lakh crore and Maharashtra with around ₹8.12 lakh crore. He said Tamil Nadu’s debt load was lower than that of Uttar Pradesh up to 2020-21, when the northern state reportedly had about ₹6.01 lakh crore in borrowings compared to Tamil Nadu’s ₹5,68,893 crore. Anbumani argued that the sharp escalation since 2021 showed how, after assuming charge, the DMK had ‘borrowed on a scale never seen before’, making Tamil Nadu’s debt burden worse than that of more populous or larger states. Get an chance to win ₹5000 Amazon Voucher by taking part in India’s Biggest Habit Index!
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