States’ fiscal deficit to narrow to 4.3% of GDP in FY22: Ind-Ra

States’ fiscal deficit to narrow to 4.3% of GDP in FY22: Ind-Ra

The Hindu

The aggregate fiscal deficit of States is likely to be at 4.3% of the gross domestic product (GDP) in 2021-22 compared with 4.6% in 2020-21, says a report by India Ratings and Research. The rating agency has revised the outlook on State finances to stable for FY22 from stable-to-negative.
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