Declining Economic Health of States: Rising Deficits and Debt Deepen Inequality and Challenges
New Delhi. State governments account for nearly two-thirds of total public expenditure, yet their financial condition receives limited attention in public discourse. A recent report seeks to bridge this gap by offering a clearer picture of the states’ fiscal health. The report reveals that in 2023–24, more than 60 percent of the states’ revenue receipts […]
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