Panaji: Goa climbed from third to second position, improving its ranking in the NITI Aayog Fiscal Health Index (FHI) for 2023-24.The state scored 54.7 points, placing it behind Odisha, which scored 73.1 points and topped the index, while Jharkhand ranked 3rd with a score of 50.5. The index evaluates states on parameters such as quality of expenditure, revenue mobilisation, fiscal prudence, debt index, and debt sustainability.“Goa’s fiscal strength stems from high reliance on its own revenue and controlled debt levels, while Jharkhand’s balanced expenditure profile and improving fiscal prudence reflect steady institutional progress in financial management,” the FHI stated.“Odisha remains the strongest performer with an overall score of 73.1, demonstrating fiscal robustness through prudent deficit control, high-quality expenditure, and strong revenue mobilisation,” it further stated.
