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NITI Aayog yesterday launched the Fiscal Health Index (FHI) 2025 in New Delhi. As per the FHI, Odisha tops the ranking in fiscal health among 18 major states with a cumulative score of 67.8, followed by Chhattisgarh and Goa. The report said that the leading states display strong fiscal health, excelling in revenue mobilization, expenditure management, and debt sustainability. 

According to the report, improvements are seen in states like Jharkhand, which has strengthened fiscal prudence and debt sustainability, while Karnataka faces a decline due to weaker performance in expenditure quality and debt management. It said that these interstate disparities highlight the need for targeted reforms to address specific fiscal challenges and ensure sustainable growth.

Launching the report, the Chairman of the 16th Finance Commission, Dr Arvind Panagariya, underscored the need for the states to follow a stable



fiscal path for balanced regional development, long-term fiscal sustainability, and prudent governance. He mentioned that the FHI offers a comprehensive and systematic approach to measuring state-level fiscal performance and provides valuable insights into broader fiscal trends, allowing for a better understanding of fiscal health across the country. 

He emphasized that the FHI report helps promote a more integrated approach to fiscal health and sustainable growth, reinforcing the shared responsibility of both levels of government in achieving national prosperity. According to NITI Aayog, the report provides a comprehensive assessment of the fiscal health of 18 major states, based on five key sub-indices. These include Quality of Expenditure, Revenue Mobilization, Fiscal Prudence, Debt Index, and Debt Sustainability, along with insights into state-specific challenges and areas for improvement.



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