New Delhi, April 6 -- The latest State Finances 2023 24 report by the Comptroller and Auditor General of India reveals a growing divergence in state revenues, underscoring that fiscal performance in the post-GST era depends not just on tax collections but on broader revenue strategies.
Mixed Revenue Trends Across States
At the aggregate level, states combined revenues grew by a modest 2 percent in real terms in 2023 24. However, the broader picture shows significant variations. The strong performers include Bihar, Gujarat, Madhya Pradesh, Uttar Pradesh (6 percent+ growth). The declining states include Karnataka, Rajasthan, West Bengal and near stagnation state is Maharashtra.
The report highlights that this divergence reflects how ef...