♦ NITI Aayog released the “Fiscal Health Index (FHI) 2025” report in New Delhi on 24th January 2025. The report ranked States for 2022-23, covering 18 major states, based on five key sub-indices: Quality of Expenditure, Revenue Mobilisation, Fiscal Prudence, Debt Index, and Debt Sustainability, along with insights into state-specific challenges and areas for improvement.
♦ With a cumulative score of 67.8, Odisha tops the ranking in fiscal health among 18 major States, followed by Chhattisgarh and Goa with scores of 55.2 and 53.6, respectively.
♦ According to the report, Punjab, Andhra Pradesh, West Bengal, and Kerala were the worst-performing States in Fiscal Health Index (FHI), each focusing significant fiscal challenges, and listed under 'aspirational' category.
♦ The report aims to evolve an understanding of the fiscal health of States in the country and it has listed Maharashtra, Uttar Pradesh, Telangana, Madhya Pradesh, Karnataka under 'front-runners' category.
♦ Tamil Nadu, Bihar, Rajasthan and Haryana were classified as performers.
Final Ranking of States for 2022-23:
| States | FHI Score | Rank 2022- 23 |
| Odisha | 67.8 | 1 |
| Chhattisgarh | 55.2 | 2 |
| Goa | 53.6 | 3 |
| Jharkhand | 51.6 | 4 |
| Gujarat | 50.5 | 5 |
| Maharashtra | 50.3 | 6 |
| Uttar Pradesh | 45.9 | 7 |
| Telangana | 43.6 | 8 |
| Madhya Pradesh | 42.2 | 9 |
| Karnataka | 40.8 | 10 |
| Tamil Nadu | 29.2 | 11 |
| Rajasthan | 28.6 | 12 |
| Bihar | 27.8 | 13 |
| Haryana | 27.4 | 14 |
| Kerala | 25.4 | 15 |
| West Bengal | 21.8 | 16 |
| Andhra Pradesh | 20.9 | 17 |
| Punjab | 10.7 | 18 |