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Odisha Tops NITI Aayog Fiscal Health Index 2026 as Goa Rises to Second

Using FY2023–24 data, the second edition flags widening gaps in debt, deficits and spending quality across major states.

Overview

  • The index ranks 18 major states, with Odisha scoring 73.1, Goa 54.7 and Jharkhand 50.5.
  • NITI Aayog classifies Odisha, Goa and Jharkhand as the Achiever group, marked by high own-tax shares, stronger capital outlay, low deficits and moderate debt.
  • Punjab, Andhra Pradesh, West Bengal and Kerala sit at the bottom in the Aspirational category, with scores as low as 12.4 in Punjab and below 25 in the others.
  • The report cites heavy committed liabilities for lower-ranked states, noting that salaries, pensions and interest payments crowd out capital and development spending.
  • Vice Chairman Suman Bery urges preservation of state-level fiscal buffers as Arvind Virmani underscores pressures from committed expenditure and debt servicing, and Punjab’s bottom rank draws opposition criticism.