States' fiscal deficit increases to 3.3% in 2024-25, after remaining below 3% three years: RBI report
Mumbai (Maharashtra) [India], January 24 (ANI): States' consolidated gross fiscal deficit increased to 3.3 per cent of gross domestic product (GDP) in 2024-25, after remaining below 3.0 per cent during the previous three consecutive years, Reserve Bank's annual publication 'State Finances: A Study of Budgets' noted.
The deficit of States exceeding 3 per cent mainly reflects 50-year interest-free loans from the Ce