Key facts
- 13 Indian states posted revenue surpluses in FY25.
- All 28 Indian states reported fiscal deficits in FY25.
- Combined state liabilities reached Rs 90.51 lakh crore in FY25.
- The findings are based on a report by the Comptroller and Auditor General.
A recent report from the Comptroller and Auditor General (CAG) has revealed that 13 Indian states managed to achieve revenue surpluses in the fiscal year 2025. This positive fiscal outcome for these specific states stands in contrast to the broader financial picture, as all 28 states in India reported fiscal deficits for the same period. The report highlights that despite the individual successes, the combined liabilities of all states escalated to Rs 90.51 lakh crore by the close of FY25. The CAG's findings provide a detailed look into the fiscal health of India's sub-national governments, indicating a mixed performance across the country. While some states demonstrate fiscal prudence leading to surpluses, the overall trend points towards increasing debt burdens at the state level.