GSDP

Small States must prioritise raising their own revenue to reduce their dependency on the Union government The fiscal situation of India’s States has garnered significant attention in recent times. Despite ample data on State finances, most…

Even though the revenue surplus will likely be half of the budget estimate, fiscal deficit of Gujarat will be much lower than the projected 1.8 per cent of the gross state domestic product, shows an analysis. India Ratings expects fiscal…

The logo of McKinsey & Company management consulting firm. File. | Photo Credit: AFP Uttarakhand has hired McKinsey, a global management consultancy, to help the Himalayan State in achieving the target of doubling its Gross State…

MUMBAI: Private banks, including multinationals, are now getting a larger share of the inward remittance from non-residents, thanks to North America now playing a more significant role with the US overtaking UAE in remittance flows. In…

The pandemic seems to have put India's national accounting system in disarray with the combined GSDP (gross state domestic product) at 2011-12 prices of 26 large states and UTs exceeding the national GDP by Rs 4.7 lakh crore, shows data…

As the Uttar Pradesh government on Thursday tabled an over Rs 6.15-lakh-crore Budget in the state Assembly for 2022-23, the focus has been given to the youth, women and farmers. New schemes worth Rs 39,181.10 crore have been introduced in…

The Union government’s food subsidy programme has helped blunt the impact of the Covid crises on the poor and also eased the poverty rate since its introduction in 2013, barring the pandemic-affected 2020-21, according to a working paper of…

India's budget for the fiscal beginning April focuses on giving a boost to the ongoing economic recovery through a sharp increase in capex spending but is short on major growth-enhancing structural reform announcements, Fitch Ratings said…

NEW DELHI : Most state governments have indicated large borrowings for the fourth quarter of the current financial year ending in March due to lower borrowing limit for FY23 and challenges related to expiry of…

The State’s economic output, the gross State domestic product (GSDP), grew by 2.4% during the previous financial year 2020-21, the adverse impact cast by the Coronavirus (COVID-19) pandemic on the State’s economy notwithstanding.The growth…