Question
What was the consolidated Gross Fiscal Deficit (GF
- D of states as a percentage of GDP in 2024–25, according to the RBI report?
Solution
The RBI report State Finances: A Study of Budgets of 2025–26 states that the consolidated Gross Fiscal Deficit of states rose to 3.3% of GDP in 2024–25, crossing the 3% mark after remaining below it for the previous three years.
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