FY25 revenue deficit

Tag: FY25 revenue deficit

India State Budgets FY25: UP Tops Revenue Surplus, Punjab Leads Deficit

2025-09-22 Niranjan Ghatule

India’s state budgets for FY 2024-25 show stark fiscal contrasts. Uttar Pradesh, Odisha, and Jharkhand post strong revenue surpluses, while Andhra Pradesh, Tamil Nadu, and Punjab face rising deficits due to subsidies and committed spending. Full analysis of figures, trends, and drivers.

India State Budgets FY25: UP Tops Revenue Surplus, Punjab Leads Deficit

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