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The Latest Breaking News from GSDP

Karnataka Chief Minister Siddaramaiah hits back at Leader of Opposition R. Ashok on debt by comparing State’s schemes with that of Union Government

Karnataka Chief Minister Siddaramaiah hits back at Leader of Opposition R. Ashok on debt by comparing State’s schemes with that of Union Government

Maharashtra's GSDP likely to expand by 10% in FY25, govt focus on farmers: Ajit Pawar

Maharashtra's GSDP likely to expand by 10% in FY25, govt focus on farmers: Ajit Pawar

Maharashtra’s gross state domestic product (GSDP) was expected to grow; government was committed to ensure that revenue deficit doesn’t cross the prescribed limit, Finance Minister Ajit Pawar said.

Revenue deficit unlikely to come down at least till 2026-27

Revenue deficit unlikely to come down at least till 2026-27

Bengaluru's revenue deficit is expected to persist until 2026-2027 due to increased spending on guarantee schemes and limited resources.

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Kerala’s Economic Review: State clocks 6.6% growth in 2022-23

Kerala’s economy recorded “steady growth” in 2022-23 with the Gross State Domestic Product (GSDP) clocking 6.6% growth at constant prices, according to the Economic Review tabled in the Kerala Assembly

Phase II of YSRCP bus yatra concludes

Under CM YS Jagan Mohan Reddy's tenure, AP's GSDP growth jumped from 16th to 4th rank, per capita income from 17th to 9th, industrial growth tripled from 3.2% to 10.59%, and agriculture from -6.5% to +5.56%. MPs Chandrashekhar & Madhavi & MLA Vaani praised Jagan for delivering justice & Samajika…

Jagan decentralised power across communities and castes, say YSRCP leaders

YSRCP's Samajika Sadhikara Yatra praised CM Jagan Mohan Reddy for empowering the financially backward & delivering corruption-free governance. Ministers & MPs highlighted his vision & efficiency, citing increased GSDP & welfare schemes that improved living standards of the poor.

Centre not responsible for financial crunch in Kerala, says Union Minister V. Muraleedharan

Union Minister Muraleedharan blames LDF govt's extravagance & mismanagement for Kerala's fiscal crunch. Centre has transferred funds in all eligible instances, but State failed to meet deadlines & adhere to norms, leading to loss of ₹750 crore. Centre has transferred ₹6,04.14 cr under social security pensions & ₹259.63 cr under…

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B.V. Raghavulu of CPI(M) advocates development model with little scope for inequalities in Andhra Pradesh

B.V. Raghavulu of CPI(M) advocates development model with little scope for inequalities in Andhra Pradesh

CPI(M) politburo member B.V. Raghavulu stresses the need for development model without inequalities. TDP and YSRCP governments failed to achieve any meaningful development. Though GSDP and other economic indicators were apparently fine, no perceptible improvement have been achieved in public lives.

CAG expresses concern over Telangana Government utilising borrowed amounts for repayment of public debt

CAG expresses concern over Telangana Government utilising borrowed amounts for repayment of public debt

The CAG said the extent to which the fiscal deficit, as represented by borrowed funds, had been channelised towards the creation of capital assets was an indicator of prudent financial management. The borrowings of Rs. 46,995 crore in the year was partly utilised to meet the capital expenditure of Rs.…

For most of the last six years, Tamil Nadu saw declining proportion of own revenue to expenditure

For most of the last six years, Tamil Nadu saw declining proportion of own revenue to expenditure

Tamil Nadu's own revenue to revenue expenditure declined from 2017-18 to 2020-21; GSDP growth, debt conversion, Pay Commission's recommendations & welfare schemes contributed. In last two yrs, SOTR to GSDP improved.

Kerala seeks nod for 1% ‘ad hoc borrowing’ in 2023-24

Kerala seeks nod for 1% ‘ad hoc borrowing’ in 2023-24

Kerala seeks 1% GSDP borrowing increase from Centre to offset resource loss. FM Balagopal asked for release of grants, arrears due to State. Loss of ₹8,400 cr Revenue Deficit Grant & ₹10-12K cr GST comp. FM seeks ₹265 cr Million-Plus Cities, ₹371 cr Health Grant, ₹521 cr IGNDPS, ₹750 cr…

Centre permits Andhra Pradesh to avail of additional borrowing of ₹9,574 crore

Centre permits Andhra Pradesh to avail of additional borrowing of ₹9,574 crore

Andhra Pradesh is among the 12 States permitted to avail of additional borrowing space of up to 0.5% of the GSDP for implementing specific reforms in the power sector

Kerala’s borrowing limit cut drastically: Balagopal

Kerala’s borrowing limit cut drastically: Balagopal

The borrowing limit has been slashed to ₹15,390 crore. For the entire fiscal, the State government had been expecting eligibility for ₹32,442 crore (3% of the GSDP). For the first nine months, the State was expecting the limit to be set at ₹22,000 crore.

Centre trying to weaken States, says CM

Centre trying to weaken States, says CM

‘Resorting to backdoor methods like imposition of cess to deny States their due’

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‘Contribution of 30 working State PSUs to GSDP slips further’

COVID-19 pandemic impacted ₹5,921-cr. revenue loss to SCCL in 2020-21

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