New Delhi, March 2 -- Gujarat and Odisha have emerged relatively better placed in terms of fiscal performance, with manageable levels of debt and deficits, while Punjab continues to face pressure due to elevated debt and interest burden, according to a report by CareEdge Ratings.

The report noted that Odisha and Gujarat's fiscal landscape fares well, supported by manageable debt and deficit levels along with low interest payments-to-revenue receipts.

Both states also have a high share of capital outlay in their total expenditure, indicating a stronger focus on asset creation and long-term development.

It stated "Odisha and Gujarat's fiscal landscape fares well with manageable levels of debt and deficits..... Punjab's fiscal performance...