US EditionRevenue growth of states in FY26 expected to be lower than that of FY25: Report - ChiniMandi
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Revenue growth of states in FY26 expected to be lower than that of FY25: Report - ChiniMandi
New Delhi : Indian states are expected to see slower revenue growth in the financial year 2025-26 (FY26) compared to FY25, mainly due to weaker growth in non-tax revenue. This was highlighted in a recent report by ICICI Bank, which analysed budget documents of 15 states that together contribute around 90 per cent of India’s GDP. The report said, “States have penciled in lower revenue growth in FY26 compared to FY25 (13% vs 16%) on account of low…
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