Revenue Generation State Wise In India

Eight states of north east india share 2 8.

Revenue generation state wise in india. The state banks on two major. With figures in crore of indian rupees data for union territories except delhi is not available. This is a list of states of india by projected own tax revenues of their governments excluding the shares from union tax pool for the year 2014 19 from annexure 7 1 pdf. Five states of south india together account for 29 69.

The reserve bank of india rbi brings out an annual publication entitled state finances. In the financial year 2016 tamil nadu was the indian state with the highest alcohol revenue at about 300 billion indian rupees. Revenue generation holds the key to prudent debt management and can act as a circuit breaker in perverse debt spirals highlighting the need to raise tax buoyancy and. Top 5 states shares 46 3 in india s total economy.

This report covers 26 of the 29 states and the union territory of delhi. Government revenues in india increased to 5654 17 inr billion in september from 3773 06 inr billion in august of 2020. Rbi state of state finances 2019 20. India has the third largest alcohol market in the world.

Union and state budget documents. Newly created state telangana is at 9th position just below andhra pradesh. This page provides india government revenues actual values historical. India s largest states rajasthan is at number 7 poorest state bihar is at number 14 and capital delhi is at number 12.

These states together comprise 98 of the total budgets of all states and contain 99 of india s population. Andhra pradesh india s fourth largest state gets much of its revenues from the services sector. See if your state is among top ten booze revenue earners state governments are increasingly becoming dependent on alcohol revenue to fund their schemes. Figure 4 shows the state wise increase as a percentage of their 2019 20 revenue.

100 350 billion gdp per capita. For most of the states upto one fifth of their budgets are funded by booze which has registered a very high growth rate in the country. Possible increase in states revenue if cess and surcharge were in the divisible pool 2019 20 sources. Government revenues in india averaged 3229 64 inr billion from 1997 until 2020 reaching an all time high of 17507 27 inr billion in march of 2020 and a record low of 0 82 inr billion in april of 1999.

According to the rbi report in 2019 20 state gst had the highest share 43 5 in states own tax revenue followed by sale tax at 23 5 mainly on petroleum products which are out of gst state excise at 12 5 and taxes on property and capital transactions at 11 3.