Chandigarh, March 25 -- Punjab is the second-most indebted state in the country in terms of debt to gross state domestic product (GSDP) ratio, according to the data shared by Union minister of state for finance Pankaj Chaudhary on Monday.

Its debt-GSDP ratio of 46.6% is second in the country behind Arunachal Pradesh, which stands at 57%. Himachal is at number three with a debt-GSDP ratio of 45.2%. The minister shared this information on the estimated outstanding liabilities and debt to GSDP ratio of all states as on March 31, 2025, in response to Chandigarh MP Manish Tewari's unstarred question in the Lok Sabha in this regard.

Tewari had asked about the quantum of debt and other liabilities of various states, their debt-GSDP ratio and a...