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This dataset contains the State and Year-wise Fiscal Health Index (FHI) ranking. This index is formulated by NITI Aayog for Major States in India to get insights into the fiscal condition of states.
The Composite Fiscal Health Index (FHI) is computed as the average of five major sub-indicators: Quality of Expenditure (developmental expenditure as a share of total expenditure, and capital outlay as a share of GSDP), Revenue Mobilisation (state’s own revenue as a share of GSDP and of total expenditure), Fiscal Prudence (gross fiscal deficit and revenue deficit as shares of GSDP), Debt Index (interest payments as a share of revenue receipts, and outstanding liabilities as a share of GSDP), and Debt Sustainability (difference between GSDP growth rate and growth rate of interest payments). Each major sub-indicator is based on the average of its normalised minor sub-indices, and the final FHI score is the average of the five major sub-indicator scores for each state.
Note: GSDP is at current prices for the year 2022-23
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https://dataful.in/terms-and-conditionshttps://dataful.in/terms-and-conditions
This dataset contains the State and Year-wise Fiscal Health Index (FHI) ranking. This index is formulated by NITI Aayog for Major States in India to get insights into the fiscal condition of states.
The Composite Fiscal Health Index (FHI) is computed as the average of five major sub-indicators: Quality of Expenditure (developmental expenditure as a share of total expenditure, and capital outlay as a share of GSDP), Revenue Mobilisation (state’s own revenue as a share of GSDP and of total expenditure), Fiscal Prudence (gross fiscal deficit and revenue deficit as shares of GSDP), Debt Index (interest payments as a share of revenue receipts, and outstanding liabilities as a share of GSDP), and Debt Sustainability (difference between GSDP growth rate and growth rate of interest payments). Each major sub-indicator is based on the average of its normalised minor sub-indices, and the final FHI score is the average of the five major sub-indicator scores for each state.
Note: GSDP is at current prices for the year 2022-23