Page 2 - Gsdp

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

HP's outstanding debt-GSDP ratio much above the target set by 15th FC: CAG

The Comptroller and Auditor General (CAG) of India in its report, said the total outstanding debt-GSDP ratio, which stood at 42.91%, was above the target set by the 15th Finance Commission (36%).

Kerala FM blames Centre for cutting resources by Rs 23,000 crore

Kerala Finance Minister K N Balagopal has written to Nirmala Sitharaman asking her not to include borrowings of state entities while fixing their debt limits

Statsguru: Six charts explain state of stressed finances in India

The RBI study turned the spotlight on 10 states that were reeling from financial stress and on their growing inability to service their debt

Fiscal weakness

State finances can impede growth