States’ fiscal deficit rise to 3.2% in FY25: ICRA
- Posted on December 17, 2025
- By Financial Express
- 4 Views
States’ fiscal deficit rise to 3.2% in FY25: ICRA
An ICRA report reveals that the combined fiscal deficit of 19 large Indian states rose to 3.2% of GSDP in FY25, driven by a 16% CAGR in capital expenditure and a massive jump in social welfare outlays.
