Fiscal Deficit-to-GSDP Ratio for 28 States
FRBM Recommended Limit: 3.5%. (BE 2023-24)
🥇 1. Gujarat
**1.75%**
Deficit: ₹42,480 Cr
GSDP: ₹24.26 L Cr
🥈 2. Uttarakhand
2.15%
Deficit: ₹7,459 Cr
GSDP: ₹3.46 L Cr
🥉 3. Jharkhand
2.54%
Deficit: ₹11,691 Cr
GSDP: ₹4.61 L Cr
4. Karnataka
2.74%
Deficit: ₹68,505 Cr
GSDP: ₹25.01 L Cr
5. Maharashtra
2.77%
Deficit: ₹1,11,956 Cr
GSDP: ₹40.44 L Cr
6. Haryana
2.80%
Deficit: ₹30,651 Cr
GSDP: ₹10.96 L Cr
7. Odisha
2.89%
Deficit: ₹24,982 Cr
GSDP: ₹8.64 L Cr
8. Uttar Pradesh
3.24%
Deficit: ₹82,515 Cr
GSDP: ₹25.48 L Cr
9. Telangana
3.29%
Deficit: ₹49,373 Cr
GSDP: ₹15.02 L Cr
10. Tamil Nadu
3.46%
Deficit: ₹94,060 Cr
GSDP: ₹27.22 L Cr
11. Meghalaya
3.48%
Deficit: ₹1,849 Cr
GSDP: ₹0.53 L Cr
12. West Bengal
3.49%
Deficit: ₹59,306 Cr
GSDP: ₹17.01 L Cr
13. Goa
3.53%
Deficit: ₹3,766 Cr
GSDP: ₹1.07 L Cr
14. Kerala
3.53%
Deficit: ₹40,461 Cr
GSDP: ₹11.46 L Cr
15. Madhya Pradesh
3.99%
Deficit: ₹54,449 Cr
GSDP: ₹13.63 L Cr
16. Punjab
4.07%
Deficit: ₹30,311 Cr
GSDP: ₹7.45 L Cr
17. Tripura
4.08%
Deficit: ₹3,382 Cr
GSDP: ₹0.83 L Cr
18. Rajasthan
4.26%
Deficit: ₹65,082 Cr
GSDP: ₹15.28 L Cr
19. Andhra Pradesh
4.36%
Deficit: ₹62,720 Cr
GSDP: ₹14.40 L Cr
20. Manipur
5.13%
Deficit: ₹2,235 Cr
GSDP: ₹0.44 L Cr
21. Sikkim
5.16%
Deficit: ₹2,523 Cr
GSDP: ₹0.49 L Cr
22. Assam
5.20%
Deficit: ₹29,655 Cr
GSDP: ₹5.70 L Cr
23. Mizoram
5.71%
Deficit: ₹1,899 Cr
GSDP: ₹0.33 L Cr
24. Himachal Pradesh
6.11%
Deficit: ₹12,677 Cr
GSDP: ₹2.07 L Cr
25. Nagaland
6.92%
Deficit: ₹2,754 Cr
GSDP: ₹0.40 L Cr
26. Chhattisgarh
7.33%
Deficit: ₹37,062 Cr
GSDP: ₹5.06 L Cr
27. Bihar
8.95%
Deficit: ₹76,466 Cr
GSDP: ₹8.54 L Cr
28. Arunachal Pradesh
**9.74%**
Deficit: ₹3,758 Cr
GSDP: ₹0.39 L Cr
Data Source: RBI, State Finances: A Study of Budgets 2023-24 (Statement 14). Ratios are based on Budget Estimates (BE).
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