Maharashtra tops fiscal health ranking followed by Chhattisgarh, Bengal among worst performing states

Mumbai/IBNS: Maharashtra has topped the ranking in overall fiscal health closely followed by Chhattisgarh, one of the poorest states in the country, while West Bengal, Kerala, and Punjab are at the bottom positions in a report published by a foreign brokerage.

IBNS • 14 Aug 2023, 10:33 pm

Chhattisgarh is followed by Odisha, Telangana, and Jharkhand.

Meanwhile, 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 while Andhra Pradesh’s ranking dropped from eighth position in FY 2021-22 to 11th position in FY 2022-23.

Gujarat has slipped to the seventh rank from fifth.

The report on the fiscal health of the key 17 states is based on the four parameters--fiscal deficit; own tax revenue; state debt levels, all as a percentage of their individual gross state domestic product; and finally the interest payment to revenue receipts.