Odisha, Chhattisgarh, Goa among top-performing States in NITI Aayog's fiscal health index
The Hindu
Odisha, Chhattisgarh, Goa, and Jharkhand lead in NITI Aayog's Fiscal Health Index 2025, showcasing strong fiscal performance.
Mineral-rich Odisha, Chhattisgarh, Goa and Jharkhand have emerged as top-performing 'achievers' among the States listed in NITI Aayog's first Fiscal Health Index (FHI) report released on Friday (January 24, 2025).
The report titled 'Fiscal Health Index 2025' ranked States for 2022-23, covering 18 major States that drive the Indian economy in terms of their contribution to India's GDP, demography, total public expenditure, revenues, and overall fiscal stability.
According to the report, Punjab, Andhra Pradesh, West Bengal, and Kerala were the worst-performing states in Fiscal Health Index (FHI), each focusing significant fiscal challenges, and listed under 'aspirational' category.
The report aims to evolve an understanding of the fiscal health of States in the country and it has listed Maharashtra, Uttar Pradesh, Telangana, Madhya Pradesh, Karnataka under 'front-runners' category.
Tamil Nadu, Bihar, Rajasthan and Haryana were classified as performers.
As per the report, released by 16th Finance Commission Chairman Arvind Panagariya, Odisha excelled in fiscal health with the highest overall index score of 67.8.
Referring to top five achiever States, NITI Aayog said these States have higher capital outlay of up to 4% of Gross State Domestic Product (GSDP), effective mobilisation of non-tax revenue, are revenue surplus and have low interest payments, which is up to 7% of revenue receipts.
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Odisha, Chhattisgarh, Goa, and Jharkhand lead in NITI Aayog's Fiscal Health Index 2025, showcasing strong fiscal performance.
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