💨 Abstract

Emkay Global's states finance report indicates that several states are under fiscal pressure due to freebies and welfare schemes. States may attempt to rationalize spending but face pressure, with capital investment likely to suffer. The report predicts a decrease in spending in FY25 to control fiscal deficit-to-GDP ratio, but it remains higher than FY24.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖