New Delhi, April 30 -- Eight Indian states have pegged their fiscal deficit-the gap between spending and revenue receipts met via borrowings-for the ongoing financial year at 3% or below their respective gross state domestic product (GSDP), in a sign of rising budget discipline even as overall state finances remain uneven.

These states are Gujarat, Jharkhand, Uttar Pradesh, Telangana, Odisha, Uttarakhand, Bihar and Goa, according to the Union finance ministry's monthly economic review released on Wednesday.

The states' budget deficit limit of 3% of GSDP is in line with the fiscal responsibility framework recommended by the Finance Commission, with the finance ministry setting this as the benchmark for state borrowing. Separately, the Ce...