NITI Aayog Launches Fiscal Health Index 2025 to Evaluate State-Level Fiscal Performance
| Key Point | Details |
|---|---|
| Event | NITI Aayog launched the "Fiscal Health Index (FHI) 2025" on January 24, 2025, in New Delhi. |
| Purpose | To evaluate the fiscal health of 18 major Indian states and guide policy reforms for sustainable and resilient economic growth. |
| Top-Ranked States | Odisha (67.8), Chhattisgarh (55.2), Goa (53.6). These states excelled in revenue mobilization, expenditure management, and debt sustainability. |
| States with Challenges | Karnataka faced challenges in expenditure quality and debt management. |
| Key Officials | - Dr. Arvind Panagariya (Chairman, 16th Finance Commission): Emphasized stable fiscal paths for balanced regional development. - Shri Suman Bery (Vice Chairman, NITI Aayog): Highlighted FHI as a tool for fiscal improvement. - Shri B.V.R. Subrahmanyam (CEO, NITI Aayog): Stated FHI aids informed policymaking. |
| Framework Alignment | Aligns with India's "Viksit Bharat @2047" vision, emphasizing fiscal discipline at the state level for national economic transformation. |