RBI Highlights the Need for States’ Sustained Fiscal Prudence Sub: Eco Sec: Fiscal Policy RBI’s Key Observations on State Finances: Fiscal Deficit Management: States successfully contained Gross Fiscal Deficit (GFD) within 3% of GDP during 2022-23 and 2023-24. For 2024-25, GFD is budgeted at 3.2% of GDP. Revenue Deficit: Revenue deficit was maintained […]