2023 - 2024 Interest Payments to Revenue Receipts ratio of all Indian States

Interest Payments / Tax Revenue Receipts Ratio (RE 2023-24)

Shows crippling effect of debt on available tax funds. Lower % is better. (28 States Only)

🥇 1. Arunachal Pradesh

8.3%

Interest Payments: ₹1,440 Cr

Tax Revenue Receipts: ₹17,280 Cr

🥈 2. Karnataka

11.0%

Interest Payments: ₹28,400 Cr

Tax Revenue Receipts: ₹2,58,958 Cr

🥉 3. Gujarat

11.8%

Interest Payments: ₹24,942 Cr

Tax Revenue Receipts: ₹2,12,308 Cr

4. Bihar

11.8%

Interest Payments: ₹15,310 Cr

Tax Revenue Receipts: ₹1,29,598 Cr

5. Odisha

12.2%

Interest Payments: ₹10,230 Cr

Tax Revenue Receipts: ₹83,750 Cr

6. Andhra Pradesh

13.2%

Interest Payments: ₹29,481 Cr

Tax Revenue Receipts: ₹2,24,008 Cr

7. Maharashtra

13.4%

Interest Payments: ₹35,420 Cr

Tax Revenue Receipts: ₹2,65,307 Cr

8. Mizoram

14.7%

Interest Payments: ₹1,021 Cr

Tax Revenue Receipts: ₹6,944 Cr

9. Tripura

14.8%

Interest Payments: ₹1,600 Cr

Tax Revenue Receipts: ₹10,790 Cr

10. Assam

15.3%

Interest Payments: ₹10,724 Cr

Tax Revenue Receipts: ₹69,985 Cr

11. Chhattisgarh

15.7%

Interest Payments: ₹10,480 Cr

Tax Revenue Receipts: ₹66,750 Cr

12. Nagaland

16.7%

Interest Payments: ₹1,930 Cr

Tax Revenue Receipts: ₹11,540 Cr

13. Tamil Nadu

17.2%

Interest Payments: ₹31,100 Cr

Tax Revenue Receipts: ₹1,81,107 Cr

14. Haryana

17.8%

Interest Payments: ₹19,000 Cr

Tax Revenue Receipts: ₹1,06,602 Cr

15. Manipur

18.2%

Interest Payments: ₹2,050 Cr

Tax Revenue Receipts: ₹11,265 Cr

16. Telangana

18.8%

Interest Payments: ₹26,050 Cr

Tax Revenue Receipts: ₹1,38,590 Cr

17. Meghalaya

19.0%

Interest Payments: ₹2,128 Cr

Tax Revenue Receipts: ₹11,220 Cr

18. Uttar Pradesh

19.0%

Interest Payments: ₹41,500 Cr

Tax Revenue Receipts: ₹2,18,631 Cr

19. Goa

19.9%

Interest Payments: ₹2,755 Cr

Tax Revenue Receipts: ₹13,875 Cr

20. Madhya Pradesh

20.7%

Interest Payments: ₹23,268 Cr

Tax Revenue Receipts: ₹1,12,658 Cr

21. Punjab

21.3%

Interest Payments: ₹21,290 Cr

Tax Revenue Receipts: ₹1,00,000 Cr

22. West Bengal

24.9%

Interest Payments: ₹30,000 Cr

Tax Revenue Receipts: ₹1,20,410 Cr

23. Kerala

25.1%

Interest Payments: ₹28,688 Cr

Tax Revenue Receipts: ₹1,14,242 Cr

24. Jharkhand

27.1%

Interest Payments: ₹10,637 Cr

Tax Revenue Receipts: ₹39,219 Cr

25. Rajasthan

28.5%

Interest Payments: ₹30,580 Cr

Tax Revenue Receipts: ₹1,07,321 Cr

26. Uttarakhand

33.2%

Interest Payments: ₹9,960 Cr

Tax Revenue Receipts: ₹30,000 Cr

27. Himachal Pradesh

36.0%

Interest Payments: ₹8,883 Cr

Tax Revenue Receipts: ₹24,705 Cr

28. Sikkim

44.9%

Interest Payments: ₹1,180 Cr

Tax Revenue Receipts: ₹2,630 Cr

Source: Statement 14 Tax Revenue - [https://rbi.org.in/Scripts/PublicationsView.aspx?id=23006](https://rbi.org.in/Scripts/PublicationsView.aspx?id=23006)
Statement 13: Interest Payments:[https://rbi.org.in/Scripts/PublicationsView.aspx?id=23005](https://rbi.org.in/Scripts/PublicationsView.aspx?id=23005)