https://www.iasexam.com/macro-....fiscal-health-of-ind

Macro-Fiscal Health of Indian States UPSC

The fiscal health of Indian states has a significant impact on the country’s overall economic stability and development trajectory. States are responsible for about two-thirds of public expenditure and one-third of total revenue in India. Therefore, understanding their macro-fiscal condition—covering revenue mobilization, expenditure quality, deficits, and debt sustainability—is crucial for inclusive growth and fiscal federalism.

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