Fiscal Health Index 2025 was released recently by NITI Aayog in January 2025. Which state achieved top ranking among 18 major states?

Question

Question

This question was previously asked in

OSSC Junior Stenographer, Junior Typist (Prelims) Official Paper (Held On: 09 Feb, 2025)

Answer 1

The correct answer is Odisha.

Key Points

Odisha topped the Fiscal Health Index 2025 released by NITI Aayog among 18 major states.
The Fiscal Health Index assesses states based on their fiscal prudence, revenue generation, and expenditure management.
Odisha has been known for its consistent fiscal discipline and efficiency in managing resources.
Efforts like increasing revenue from non-tax sources and better expenditure prioritization contributed to Odisha's success.

Important Points

The Fiscal Health Index evaluates states on parameters such as revenue buoyancy, fiscal deficit management, and the quality of public expenditure.
It is an initiative by NITI Aayog to promote transparency and accountability in state fiscal management.

Additional Information

Chhattisgarh: Chhattisgarh has shown improvement in fiscal management in recent years, but it ranked lower in the Fiscal Health Index compared to Odisha.
Goa: Goa is a smaller state and has unique fiscal challenges due to its dependence on tourism and mining, which affect its fiscal health.
Karnataka: Karnataka is known for its robust revenue generation, especially from IT and manufacturing industries, but it faced challenges in expenditure management.