Centre-State Fiscal Relations

FISCAL HEALTH INDEX 2026 BY NITI AAYOG

 NITI Aayog’s Fiscal Health Index 2026 assesses states’ finances, grouping them as Achievers or Aspirational. It warns that weak revenue mobilisation, rising committed expenditure, and poor transparency threaten stability. Examples like Odisha’s improvement and Punjab’s stress highlight the need for fiscal discipline and FRBM adherence.