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Vaccine Costs to Strain India’s Already Frail State Budgets

  • States may need to borrow more at a time when yields rising
  • Selling government assets is one way to reduce debt burden
India's Vaccine Shortage Risks Potential Third Covid Wave
Photographer: Dhiraj Singh/Bloomberg
Updated on

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The world’s worst coronavirus outbreak is set to stretch the already strained budgets of Indian states, making it more costly to borrow just when they need the money to cushion their economies.