2016
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Maharstra
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Tamil Nadu
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Andhra Pradesh
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Haryana
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Detailed explanation-1: -Bihar is also the state with the highest fiscal deficit as a percentage of the Gross State Domestic Product (GSDP).
Detailed explanation-2: -In FY21, the highest fiscal deficit was recorded in Tamil Nadu at Rs 1.04 trillion. Maharashtra follows it with Rs 87, 697 crore and Uttar Pradesh with Rs 80, 852 crore.
Detailed explanation-3: -States’ gross fiscal deficit is budgeted to decline from 4.1% of gross domestic product in 2020-21 to 3.4% in 2022-23. Although this is higher than the Fiscal Responsibility Legislation target of 3%, it remained within the target of 4% set by the Centre.
Detailed explanation-4: -As per the report, the states with the highest debt-to-GSDP ratio in 2021-22 include Punjab with 53.3%, Rajasthan with 39.8%, West Bengal with 38.8%, Kerala with 38.3% and Andhra Pradesh with 32.4%.