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Indian states to sell bonds to foreign investors

Competition for funds in sale of up to US$7.6b in debt could force spendthrift provinces to clean up their books and tighten spending controls

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India'S states are gearing up to sell up to US$7.6 billion in debt to foreign investors for the first time, stepping up competition for funds that could force the country's spendthrift provinces to clean up their books and tighten spending controls.

Mumbai

INDIA'S states are gearing up to sell up to US$7.6 billion in debt to foreign investors for the first time, stepping up competition for funds that could force the country's spendthrift provinces to clean up their books and tighten spending controls.

India's states pay the

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