India, April 2 -- The Government of India issued the following news release:
Introduction
The Fiscal Health Index (FHI) initiative by NITI Aayog aims to evolve an understanding of the fiscal health of states in India. The FHI analysis covers eighteen major states that drive the Indian economy in terms of their contribution to India's GDP, demography, total public expenditure, revenues, and overall fiscal stability. Odisha leads the Index, followed by Chhattisgarh, Goa, Jharkhand and Gujarat. As states are responsible for approximately two-thirds of public spending and one-third of total revenue, their fiscal performance is important for the country's overall economic stability. The report objectively evaluates each state's fiscal health t...