Fiscal position: Maharashtra first, Chhattisgarh second; West Bengal, Punjab, Kerala at the bottom three
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According to the report prepared by Kaushik Das, Chief Economist, Deutsche Bank India, on the financial health of major 17 states, Maharashtra, Chhattisgarh and Telangana are among the top three states based on the first budget estimates for the financial year 2023-24.
Mumbai Chhattisgarh, one of the poorest states in the country, is second only to Maharashtra in the list of better fiscal position and Telangana is third in the list. Whereas West Bengal, Punjab and Kerala are at the bottom three positions. This information was given in a report. According to the report prepared by Kaushik Das, Chief Economist, Deutsche Bank India, on the financial health of major 17 states, Maharashtra, Chhattisgarh and Telangana are among the top three states based on the first budget estimates for the financial year 2023-24. The bottom three ranks are occupied by West Bengal, Punjab and Kerala.
On the other hand, based on the revised budget estimates for the financial year 2022-23, Maharashtra topped the ranking. It is followed by Chhattisgarh, Odisha Telangana and Jharkhand. West Bengal had the worst performance during this period, followed by Punjab, Bihar, Rajasthan and Uttar Pradesh. Kerala remained out of the five worst performing states. Andhra Pradesh’s ranking dropped from eighth position in FY 2021-22 to 11th position in FY 2022-23. Gujarat has slipped from fifth to seventh position. The report is based on the fiscal position of the top 17 states on four key fiscal parameters – fiscal deficit, own tax revenue, state debt levels (all as a percentage of their individual gross state domestic product) and finally interest payments against revenue receipts. Is.
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