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India state fiscal health: Arunachal logs highest revenue surplus in FY25

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India state fiscal health: Arunachal logs highest revenue surplus in FY25

Home / Economy / News / India state fiscal health: Arunachal logs highest revenue surplus in FY25

Business Standard's State Fiscal Health Tracker compares states and Union Territories on revenue deficit as a share of GSDP. Here's what the FY25 Budget Estimates show

A state's revenue deficit occurs when its revenue expenditure exceeds its revenue receipts.

Vrinda Goel New Delhi 4 min read Last Updated : Aug 31 2026 | 9:29 AM IST

Arunachal Pradesh recorded the largest revenue surplus as a share of Gross State Domestic Product (GSDP) among the 25 states and Union Territories for which comparable data was available for the financial year 2024-25 (FY25), based on the Budget Estimates (BE).

According to Business Standard's India State Fiscal Health Tracker , Arunachal Pradesh recorded the lowest revenue deficit ratio at -12.1 per cent of GSDP, indicating a revenue surplus. Meghalaya, Jammu and Kashmir, Jharkhand and Odisha followed. At the other end of the ranking, Punjab recorded the highest ratio at 2.8 per cent, followed by Kerala, Andhra Pradesh, Himachal Pradesh and West Bengal.

The tracker is based on the Reserve Bank of India’s 2025 Handbook of Statistics on Indian States and compares states and UTs across eight separate indicators.

A state's revenue deficit occurs when its revenue expenditure exceeds its revenue receipts. A positive value means revenue receipts are insufficient to cover revenue expenditure. A negative value indicates a revenue surplus, meaning revenue receipts exceed revenue expenditure.

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