States’ receipts robust

The aggregate receipts of all states are budgeted to grow around 11% in FY24. This growth is likely to be led by the one in states' own receipts—58% of the total receipts as compared to 53% in FY21.

Written by Saikat Neogi

April 24, 2023 04:45 IST

In the current fiscal, the total receipts of states is likely to remain unchanged from its all-time high of 14.4% of the GDP (FY23). (IE)

The aggregate receipts of all states are budgeted to grow around 11% in FY24. This growth is likely to be led by the one in states’ own receipts—58% of the total receipts as compared to 53% in FY21.

In the current fiscal, the total receipts of states is likely to remain unchanged from its all-time high of 14.4% of the GDP (FY23).