Bengaluru, March 6 (IANS) Karnataka Chief Minister Siddaramaiah on Friday said the rationalisation of Goods and Services Tax (GST) rates by the Central Government has adversely affected the state’s revenue collections, leading to a significant shortfall in the current financial year.Presenting the state Budget for 2026–27, Siddaramaiah said the rate changes are expected to result in an estimated revenue shortfall of about Rs 10,000 crore for the state in the current financial year, while a sho…
Latest Gross State Domestic Product News & Updates
Mumbai, March 5 (IANS) Maharashtra’s economy is set to grow at 7.9 per cent in 2025-26 against the India’s growth rate of 7.6 per cent especially due to a record collection of Goods and Services Tax and favourable market conditions. Maharashtra continues to be the growth engine of the country. The nominal Gross State Domestic Product (GSDP) at current prices is expected to grow by 10.4 per cent. According to the Economic Survey for 2025-26 presented by the Minister of State for Finance Ashish …
Chandigarh, March 3 (IANS) Punjab Finance Minister Harpal Cheema on Tuesday said the government has emerged among the top three states in terms of revenue growth, asserting that the state’s financial performance over the past four years reflects structural reforms, fiscal discipline, and administrative transparency. Cheema presented detailed data to the media here and described it as a decisive turnaround in the state’s fiscal health. “Punjab’s own tax revenue has surged significa…
Aizawl, Feb 26 (IANS) Mizoram Chief Minister Lalduhoma on Thursday presented a Rs 17,469.91 crore budget for the financial year 2026-27 in the Assembly, with a strong emphasis on social infrastructure, connectivity, and the agriculture sector. The Chief Minister, who also holds the Finance portfolio, also tabled supplementary demands for grants amounting to Rs 3,724.25 crore for the current fiscal.He said the ruling Zoram People’s Movement (ZPM) will continue to implement its flagship Bana Kai…
Shillong, Feb 26 (IANS) Meghalaya has emerged as one of the fastest-growing states in the country, recording nearly 10 per cent real Gross State Domestic Product (GSDP) growth for three consecutive years after the Covid-19 pandemic, Chief Minister Conrad K. Sangma said on Thursday while replying to the Budget discussion in the Assembly.Citing fiscal indicators, Sangma said the state’s economic size expanded by 76.5 per cent between FY21 and FY25, making Meghalaya the second fastest-growing sta…
Gandhinagar, Feb 24 (IANS) Gujarat has recorded an economic growth rate of 7.4 per cent, surpassing the national average of 6.5 per cent, according to details released by the state’s Finance Department, which also outlined the government’s fiscal position and expenditure priorities for 2026-27. The data show that over 13 years from 2012-13 to 2024-25, the state achieved an average real economic growth rate of 8.3 per cent.The government attributed the performance to sustained fiscal di…
New Delhi, Feb 23 (IANS) Chhattisgarh is expected to sustain robust economic growth in the financial year 2025–26 with state’s Gross State Domestic Product (GSDP) at current prices projected to rise from Rs 5.65 lakh crore in 2024–25 to around Rs 6.31 lakh crore in 2025–26, as per the Economic Survey Report presented in the state Assembly on Monday. “With an estimated growth rate of 11.57 per cent, the state is set to outperform the national average and maintain strong economic momentum,” …
Lucknow, Feb 22 (IANS) Uttar Pradesh Chief Minister Yogi Adityanath, on Sunday, began a three-day official visit to Singapore, aimed at attracting global investment, forging strategic partnerships, and positioning the state as a premier hub for industrial, digital, and green energy development, government officials said. The visit underscores the state’s ambition to leverage international expertise and capital to accelerate economic growth and strengthen India-Singapore cooperation at both the n…
Ranchi, Feb 21 (IANS) Jharkhand’s per capita income has crossed the Rs 1 lakh mark for the first time, according to the Economic Survey 2025-26 tabled in the Assembly on Saturday.Presenting the pre-Budget Economic Survey in the House, Finance Minister Radha Krishna Kishore said the state’s economy has witnessed sustained growth over the past decade, alongside a significant decline in poverty.As per the report, per capita income at current prices has risen from around Rs 60,000 in 2016-17 to …
Bhopal, Feb 17 (IANS) The Madhya Pradesh government tabled the Economic Survey for 2025-26 in the state Assembly on Tuesday, presenting advance estimates that highlight strong economic performance and sectoral progress in the state. Reacting on the robust growth across several sectors in Madhya Pradesh, Chief Minister Mohan Yadav said that with financial discipline, transparent governance, and visionary leadership of Prime Minister Narendra Modi, the economy of the state has strengthened signifi…