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The Times of India
The Times of India
Business
PTI

States' fiscal health show improvement: RBI report

States RBI GDP Reserve Bank Deficit Mumbai Uttar Pradesh

MUMBAI: States' gross fiscal deficit (GFD) is budgeted to decline from 4.1 per cent of gross domestic product (GDP) in Covid-hit 2020-21 to 3.4 per cent of GDP in 2022-23 showing improvement in their fiscal health, said a Reserve Bank report on Monday.

The central bank also advised States to continue to focus on creating a congenial ecosystem for greater private investments.

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