Team Goemkarponn
Panaji: Goa has secured the second position among Indian states in the Fiscal Health Index (FHI) rankings for 2023–24, highlighting the state’s strong financial management and revenue performance.
According to the report, Goa scored 54.7 points, placing it just behind Odisha, which topped the rankings with a score of 73.1. Jharkhand secured the third position with 50.5 points.
The index evaluates states on several financial parameters including quality of expenditure, revenue mobilisation, fiscal prudence, debt index and debt sustainability.
Goa performed particularly well in revenue mobilisation, scoring 80.4, one of the highest among states. The state also recorded a debt index score of 56.8 and fiscal prudence score of 45, reflecting relatively controlled debt levels and stable fiscal management.
The findings noted that Goa’s fiscal strength largely stems from its strong own revenue generation and controlled debt levels, which have helped maintain financial stability.
Among other major states, Gujarat ranked fourth, followed by Maharashtra in fifth position. States such as Kerala, West Bengal, Andhra Pradesh and Punjab featured near the bottom of the rankings.
The report concluded that states with strong revenue mobilisation, prudent fiscal management and sustainable debt practices continue to demonstrate better financial resilience and long-term stability.
