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Published 15:15 IST, January 25th 2025

NITI Aayog launches the “Fiscal Health Index 2025” - Details

The report provides a comprehensive assessment of the fiscal health of 18 major States, based on five key sub-indices.

Reported by: Business Desk
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NITI Aayog launches the “Fiscal Health Index 2025”
NITI Aayog launches the “Fiscal Health Index 2025” | Image: PIB

 Dr. Arvind Panagariya, Chairman of the 16th Finance Commission, launched the inaugural issue of NITI Aayog’s report titled “Fiscal Health Index (FHI) 2025” on 24th January 2025 in New Delhi.

“The Fiscal Health Index report will be an annual publication focusing on the fiscal health of Indian states, offering data-driven insights that will be leveraged for informed state-level policy interventions to improve overall fiscal governance, economic resilience, and stability of the nation”, Said BVR Subrahmanyam, CEO, NITI Aayog.

FHI Report : Details

The report provides a comprehensive assessment of the fiscal health of 18 major States, based on five key sub-indices: Quality of Expenditure, Revenue Mobilisation, Fiscal Prudence, Debt Index, and Debt Sustainability, along with insights into state-specific challenges and areas for improvement.

The FHI aims to throw light on the fiscal status at the sub-national level and guide policy reforms for sustainable and resilient economic growth. The report ranks States based on composite fiscal index, which is based on five major sub-indices viz, quality of expenditure, revenue mobilisation, fiscal prudence, debt index, and debt sustainability. 

FIH Report : Inaugural Ranking

With a cumulative score of 67.8, Odisha tops the ranking in fiscal health among 18 major States, followed by Chhattisgarh and Goa with scores of 55.2 and 53.6, respectively. 

The FHI is designed to assist policymakers by offering insights into states’ fiscal health and helping identify areas requiring intervention and strategic planning.

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Updated 15:15 IST, January 25th 2025