Home / Economy / News / India state fiscal health: Pension burden highest in Himachal Pradesh
A higher ratio means pension spending accounts for a larger part of the revenue available to the state. A lower ratio means pension expenditure takes up a smaller share of revenue receipts
Business Standard's India State Fiscal Health Tracker ranks states and Union Territories by pension expenditure as a share of revenue receipts, based on 2024-25 Budget Estimates from the RBI's 2025 Handbook of Statistics on Indian States. (Representative image from file)
Akshita Singh New Delhi 3 min read Last Updated : Aug 28 2026 | 4:02 PM IST
Himachal Pradesh had the highest pension expenditure as a share of revenue receipts among states and Union Territories with comparable data for 2024-25, at 23.6 per cent, according to Business Standard ’s India State Fiscal Health Tracker .
Kerala, Nagaland, Punjab and Assam followed. At the other end, Delhi had the lowest ratio at 0.0 per cent, followed by Telangana, Chhattisgarh, Arunachal Pradesh and Jharkhand.
The data are derived from the Reserve Bank of India’s 2025 Handbook of Statistics on Indian States and are based on the 2024-25 Budget Estimates.
What does pension expenditure as a share of revenue receipts tell us?
The ratio measures the proportion of a state's revenue receipts that goes towards pension expenditure.
A higher ratio means pension spending accounts for a larger part of the revenue available to the state. A lower ratio means pension expenditure takes up a smaller share of revenue receipts.
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