Page 2 - Gsdp

High indebted Punjab, Himachal may breach BE of fiscal deficit in FY24

Punjab had over 40% debt as a proportion of GSDP in 2019-20 too, while Himachal Pradesh had 39.1%

HP fiscal deficit may rise to be 5.82 pc of SGDP due to higher liabilities

Fiscal deficit of Himachal Pradesh is expected at 5.82 per cent of the Gross State Domestic Product (GSDP), higher than projected deficit of 4.61 per cent in 2023-24 due to a rise in liabilities such as salary, pension, interest payment and social security. The tax revenue is likely to decrease by Rs 752.33 crore and the revenue deficit would be Rs 1,368.81 crore, more than anticipated, as per the Fiscal Responsibility and Budget Management (FRMB) report tabled in the house by Chief Minister Sukhvinder Singh Sukhu on Saturday. Further, the expenditure on pension is likely to be increased by Rs 621.22 crore from Rs 8,693 crore to Rs 9,315 crore , primary deficit would increase from Rs 4,338.13 crore to Rs 6,953.72 crore. The government has assured to bring down the deficit by curtailing expenditure and resource mobilisation. The total committed liability of the government are projected to increase from Rs 29,88,177 crore in 2023-24 to Rs 32,34,477 in 2024-25, Rs 34,75,859 crore in .

Centre allows additional borrowing of Rs 60,000 crore to 22 states for NPS

The normal net borrowing ceiling for states has been fixed at 3 per cent of their gross state domestic product

Goa's GSDP grew by 33% in last two decades, says CM Pramod Sawant

Goa Chief Minister Pramod Sawant on Tuesday said the Gross State Domestic Product (GSDP) of the coastal state has grown by 33 per cent over the last 20 years. Addressing a programme on the occasion of Goa Liberation Day here, the chief minister said the per capita income in the state has risen by 30 per cent in the last two decades. The Goa Liberation Day is celebrated on December 19 to mark the success of 'Operation Vijay' undertaken by the Indian Army to liberate the state from the 450-year-long Portuguese rule in 1961. "The state has been witnessing growth post the liberation. The GSDP has increased by 33 per cent in the last 20 years, and the per capita income has gone up by 30 per cent in the same period," Sawant said. The government has started Viksit Bharat Sankalp Yatra, which is being taken to different parts of the state, he said, appealing to all sarpanchs and panchayat members to take advantage of the initiative. The chief minister further said that the state governmen

Twelve of 31 states, UTs project debt more than 35% of GSDP at FY24 end

It is not that only the poor states such as Bihar have high debt in proportion to their GSDP

Spurring fiscal equality: Ratio of GST to GSDP higher in poorer states

One aspiration for the GST system was that it would lead to regional development as it is a destination-based tax regime

States offered Rs 1.4 trillion loans linked to power sector reforms

Govts unable to complete reform process in 2021-22 and 2022-23 may also benefit from additional borrowing

GST spurts fiscal equality: tax-GSDP ratio higher in poorer states

One reason for their gain is the Centre has transferred them much higher amounts than to bigger states

5 states project their economies to grow slower than national GDP in FY'23

So far, only 15 states have revealed their projections for the gross state domestic product for 2022-23

Chhattisgarh GSDP to grow by 8% at constant prices: Economic Survey

The Gross State Domestic Product (GSDP) of Chhattisgarh at constant prices is estimated to grow by 8 per cent and the per capita income is likely to reach Rs 1,33,898 for the fiscal 2022-23, as per the state's Economic Survey Report presented in the Assembly on Friday. The report, which was tabled by state Planning, Economics and Statistics Department minister Amarjeet Bhagat, said Chhattisgarh's GSDP at constant price (base year 2011-12) as per advance estimates is expected to grow at 8 per cent and reach Rs 2,89,08,241 lakh in 2022 -23 as against quick estimates of 2,67,68,086 lakh in FY 2021-22. The biggest contributor to the surge in GSDP has been the service sector with expected growth of 9.21 per cent from Rs 82,94,627 crore (2021-22) to Rs 90,58,266 crore (2022-23), the report said. According to the report, the growth in the agriculture (agriculture, livestock, forestry and fishing) and industrial (mining and quarrying, construction, manufacturing and electricity, gas and wat

As states table their Budgets, here's how the capex numbers stack up

Capex is not the favourite word in the lexicon of ministers despite the generous flow of resources for building assets

Yogi govt tables budget worth Rs 6.9 trn targeting $1 trn-economy by 2027

The Budget includes new schemes of Rs 32,000 crore while about Rs 7,500 crore have been allocated to the social security sector

The race to $1trillion economy among states: Who gets there first?

The bigger the state's economy, the better placed it is to reach that proverbial milestone

Uttar Pradesh plans to buy 43,000 acres of land for Rs 7.3 trillion

According to estimates, the state requires about 6.4 million new housing units in the urban and suburban centres in the next five years to meet the target

States seek greater fiscal space, budgetary autonomy from finance ministry

The federal government fixes the permissible budget gap. It was set at 3.5% of GSDP for 2022-23, with some extra room given to states who meet certain conditions

Uttar Pradesh looks for image makeover with roadshows in 18 nations

The state is targeting investment proposals worth Rs 10 trillion

The state of states: Have they really been fiscally profligate?

A couple of states may be guilty of fiscal imprudence. But why tar all of them with the same brush?

Himachal's high debt-GSDP ratio makes poll freebies promises a tough task

Though comparatively prosperous than other Indian states, Himachal has a huge debt-GSDP ratio

BS Number Wise: Old scheme puts burden of employee pension on the states

Some governments are seeking short-term benefits to finance their bills, risking their financial security

Kerala, UP lag as GSDP of 19 states exceed pre-Covid levels in FY22: Report

The economies of 19 states and UTs in FY22 exceeded their pre-coronavirus levels, as they recorded double-digit growth in the last fiscal year