On 11th of June 2022, the Reserve Bank of India released a very important document about the economy in the States of India. Some of our Indian states have been managing their finances so bad that these states could be heading towards the same state as Sri Lanka's economy! The worst part is that if this continues for a long time, the entire country of India will lose money and could face another economic crisis.
Why is this RBI document comparing Indian states to the economic crisis in Sri Lanka?
Are these states doing the same mistakes as the Sri Lankan government?
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