States' fiscal deficit rises to 3.3% of GDP in 2024-25
after close1 source ↓written by the desknot a recommendation
- in 2024-25
- 3.3% of GDP
- three years below
- 3%
The Reserve Bank of India reports that the consolidated gross fiscal deficit of states has risen to 3.3% of GDP in 2024-25, marking an increase after three years below 3%. This trend reflects ongoing demographic shifts impacting state finances. The government plans to auction ₹32,000 cr of G-Secs maturing in 2035, indicating potential market implications.
Not investment advice. For informational purposes only.