CAG audit highlights fiscal irregularities, weak revenue mobilisation in Assam
Guwahati, May 25 -- By NE NOW NEWS
Guwahati: The Comptroller and Auditor General (CAG) of India has flagged multiple fiscal and financial management concerns in Assam despite the state recording strong economic growth over the last five years.
According to the CAG's Audit Report on State Finances for 2024-25, Assam's Gross State Domestic Product (GSDP) nearly doubled from Rs 3.39 lakh crore in 2020-21 to Rs 6.43 lakh crore in 2024-25, registering an average annual growth rate of 18 per cent.
The report noted that Assam's contribution to the national GDP increased from 1.71 per cent to 1.95 per cent during the period, while per capita income rose from Rs 86,947 to Rs 1,59,185, although it remained below the national average.
However, t...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.