Indian Economy

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Indian Economy - Understanding the basics of Indian economic system

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Spending on social welfare schemes by the top 11 Indian states is expected to reach __________of GSDP, or ~Rs 4 lakh crore, according to the budget estimates (BE) of these states for fiscal 2024.

1.5%

1.8%

2.1%

2.5%

Explanation:

Spending on social welfare schemes by the top 11 Indian states1 - accounting for 75-80% of aggregate gross state domestic product (GSDP) - is expected to reach a decadal high of over 1.7% of GSDP, or ~Rs 4 lakh crore, according to the budget estimates (BE) of these states for fiscal 2024.

By: Brijesh Kumar

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