Public debt and its' sustainability: perspective for a backward state in india-a case study of orissa

Abstract

Orissa, despite being a land with rich natural  and human resources with 4.74% of India's total  land mass and 3.5% of the total population of  the country, has remained one of the poorest  states in the country to-day. Nearly 48.06% of its  population still lives below the poverty line  against the all India average of 35.9%. The  growth rate of Gross State Domestic Product  (GSDP) of Orissa is not remarkable in spite of the  heavy borrowing.