States’ fiscal health better: RBI1 min read . Updated: 16 Jan 2023, 10:55 PM IST
While states’ debt is budgeted to ease to 29.5% of GDP in FY23 as against 31.1% in FY21, it is still higher than the 20% recommended by the FRBM Review Committee, 2018
NEW DELHI : The fiscal health of states has improved from a sharp pandemic-induced deterioration in FY21 on the back of a broad-based economic recovery, the Reserve Bank of India (RBI) said on Monday.
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