Revenue growth for 18 Indian states projected to reach 9–11% in fiscal 2027
The Economic Times, citing Crisil Ratings, reports that combined revenues are projected to exceed ₹44 lakh crore, with growth led by GST collections and central tax transfers.
TLDR
The Economic Times, citing Crisil Ratings, reports that revenue growth for 18 major Indian states is projected to accelerate to 9–11% in fiscal 2027. The forecast includes a 12–13% rise in goods and services tax (GST) collections and an 11–12% increase in tax transfers from the Centre. The outlet also reports that GST collections rose 16% in the first five months.
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