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Kerala Faces Fiscal Stress Despite Social Achievements Why in the News ? A recent economic report released by Kerala’s new government highlights the State’s worsening fiscal condition. Despite its strong human development achievements, Kerala faces rising debt, increasing committed expenditure, and low capital investment, raising concerns about long-term economic sustainability and food security. Kerala’s Fiscal …
Read MoreEconomic Survey Sees Strong India, Fragile World Why in the News? The Economic Survey 2025-26, tabled in the Parliament of India, upgrades India’s medium-term growth outlook to 7% while warning of a fragile global economy and a 10–20% risk of a crisis worse than the 2008 global financial crisis. India’s Growth Outlook: Drivers of Optimism …
Read MoreIndia’s Growth Paradox and Shrinking Fiscal Policy Space Syllabus: GS-3: Fiscal Policy, Government Policies & Interventions, Monetary Policy, Mobilization of Resources, Inclusive Growth Why in the News? The First Advance Estimates of GDP (January 2026) show India growing at 7.4% in real terms, but nominal GDP growth slowing to 8%, the lowest since 2002–03. This …
Read MoreWhy in the news? India’s public debt is nearly 82% of GDP, but it remains sustainable due to the country’s high growth rate and the higher share of local-currency debt. The high debt levels are manageable because of the higher real or nominal GDP and the predominance of rupee-denominated debt. Debt Levels Data: States hold …
Read MoreWhy in the news? CRISIL projects a revenue growth of 8%-10% for India’s top 18 States in 2024-25. Growth driven by higher GST collections and central tax devolutions, accounting for 50% of State revenues. source:quora About Goods and Services Tax (GST): GST was introduced through the 101st Constitution Amendment Act, 2016. The GST has subsumed …
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