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The Economic Times

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States must back human capital over cash: Economic Survey

State governments' cash transfer schemes are straining finances and impacting growth. These popular programs are costing 1.7 lakh crore this fiscal year. Fiscal indiscipline by states could increase borrowing costs for the nation. The Economic Survey urges states to prioritize capital and human capital investment over open-ended cash support. This trend raises concerns about fiscal sustainability and future growth prospects.

30 Jan 2026 1:17 am