New Delhi, April 20 (IANS) Indian states will continue to prioritise public investment, with a slight moderation in capital‑expenditure growth to around 8–10 per cent in FY27, a report said on Monday.This would translate into a capex of about 2.3 per cent–2.4 per cent of Gross State Domestic Product (GSDP), supported by interest-free loans from the Centre, the report from CareEdge Ratings said.The report cited rising revenue‑expenditure commitments and moderation in revenue growth leadin…
Latest Gross State Domestic Product News & Updates
Amaravati, April 16 (IANS) Andhra Pradesh Chief Minister N. Chandrababu Naidu on Thursday directed officials to make efforts to achieve 15 per cent growth rate.He asked them to implement both micro and macro-level planning strategies to achieve the state’s Gross State Domestic Product (GSDP) targets. He emphasised the need for short-, medium, and long-term planning to attain optimal productivity levels across sectors.During a review meeting of Finance department, the Chief Minister stressed th…
Shimla, April 7 (IANS) Amid financial crunch, the Himachal Pradesh government on Tuesday announced that no government employee will get extension or re-employment. The Department of Personnel has issued formal orders in this regard. According to the new instructions, no administrative department will send a proposal to the government for the extension of the service of the retiring officers or employees. The government has made it clear that no such application will be considered in future. All …
Bhubaneswar, March 31 (IANS) The Odisha Legislative Assembly on Tuesday cleared the Appropriation Bill for the 2026–27 financial year, even as opposition MLAs staged a walkout. With its passage, the government obtained the legal authority to withdraw and spend the budgetary allocation of ₹3.10 lakh crore from the Consolidated Fund of the state to meet its expenditure during the financial year 2026-27.Participating in discussions on the bill, CM Majhi stated that the total budget estima…
Bhubaneswar, March 31 (IANS) The Comptroller and Auditor General of India (CAG) said on Tuesday that Odisha posted moderate growth in 2024–25 compared to the previous financial year, while cautioning against fiscal stress risks arising from the under-realisation of revenue receipts, low own-tax mobilisation, poor dividend collection, long-outstanding loans, and concentrated short- to medium-term repayment obligations. The State Finances Audit Report of the Odisha government for 2024–25, pres…
Jaipur, March 28 (IANS) Senior Bharatiya Janata Party leader and former Leader of Opposition Rajendra Rathore on Saturday launched a sharp attack on former Chief Minister Ashok Gehlot, accusing him of being disconnected from reality and attempting to mislead the public. Rathore said Gehlot’s statements on Intezaar Shastra are far removed from Haqeeqat Shastra (ground reality), adding that his remarks are an attempt to hide past failures.Targeting Gehlot over dynastic politics, Rathore a…
Shimla, March 20 (IANS) Himachal Pradesh’s economy continued to move on a strong and resilient growth trajectory, Chief Minister Sukhvinder Sukhu said on Friday. Tabling the Economic Survey for 2021-22 in the Assembly, CM Sukhu, who also holds the finance portfolio, said as per the advance estimates for 2025-26 the state’s Gross State Domestic Product (GSDP) at current prices is estimated at around Rs 2.54 lakh crore, registering a healthy growth of about 10.1 per cent over the previous year…
Mumbai, March 13 (IANS) The Shiv Sena Uddhav Balasaheb Thackeray (UBT) on Friday issued a sharp criticism of the Devendra Fadnavis government, alleging that the Chief Minister is creating false illusions by asserting that Maharashtra’s economy is robust, and that within the next three years, the state will emerge as the nation’s first ‘trillion-dollar’ economy.”However, the public knows these bubbles are hollow. Remember, when the time comes, the people themselves will prick these bubbles,” the …
Srinagar, March 10 (IANS) A closer look at the structural strength and resilience of Jammu and Kashmir’s economy by travelling beyond the narrow economic indicator gives an entirely different outlook. Instead of being dependent, conflict-ridden, driven by public sector employment, budgetary support and by tourism cycles, the years 2024-2025 and 2025-2026 show a marked shift and improvement in Jammu and Kashmir’s economy.Most satisfying in this marked improvement is the emerging fact that the…
Mumbai, March 6 (IANS) Maharashtra’s total debt stock is projected to cross Rs 11 lakh crore in 2026-27 as the state continues to borrow to fund infrastructure projects and welfare schemes, government officials said on Friday. According to the state government’s budget documents, Maharashtra’s total debt is estimated at Rs 11,02,654 crore in 2026- 27. This is up from Rs 9,73,989 crore in 2025-26 and Rs 8,40,247 crore in 2024-25. The numbers show a sharp rise over the past decade.In 2018-19, the …