States’ fiscal health improves, debt-GDP ratio remains high: RBI report
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 toContinue Reading