Accordingly, the ratings agency report cited factors like lower month on month (MoM) power demand on curtailed industrial activities supporting the trend.
While growth performance differs considerably across different States, Telangana has grown with significantly higher Gross State Domestic Product (GSDP) than the national average during the financial years between 2015-16 and 2019-20.
This is because the move will help them in strengthening their balance sheet by improving their leverage ratios and creating a buffer or reserve and surplus for fresh lending.