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Sunday 9th of February 2025 02:42:49 PM |
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STATES REVENUE DEPENDENCE ON CENTRAL TRANSFERS INCREASES
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From FY16 to FY25, States’ own tax revenue remained below 50% of total revenue, while Central transfers increased to 23-30%. Non-tax revenue from grants rose to 65-70%, but other sources declined. States like Tamil Nadu saw its own tax revenue to GSDP ratios drop from 7.72% to 6.17%, and this trend is seen across multiple states.
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STATES REVENUE DEPENDENCE ON CENTRAL TRANSFERS INCREASES
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