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PDF document (82 kb)
Date : Oct 27, 2020
Contents
Foreword
List of Abbreviations
Chapter I: Overview
Chapter II: Fiscal Position of State Governments
1. Introduction
2. Key Fiscal Indicators
3. 2018-19: Accounts
4. 2019-20: Revised Estimates and Provisional Accounts
5. 2020-21: Budget Estimates and Actuals so far
6. Market Borrowings and Projected GFD
7. Outstanding Liabilities/ Contingent Liabilities
8. Conclusion
Chapter III: COVID-19 Pandemic and its Spatial Dimensions in India
1. Introduction
2. COVID-19 in the States
3. Demographics and Epidemiology
4. Healthcare and Fiscal Implications for States
5. Reverse Migration, Employment and MSMEs
5.1 Micro, Small and Medium Enterprises (MSMEs)
6. Digitalisation and Banking
6.1 Digital Preparedness of States
6.2 Digital Retail Transactions
6.3 Banking Penetration
7. COVID-19 and the Role of Third Tier Government
7.1 Cross-country Comparison
7.2 India’s Third Tier
8. COVID-19 and States’ Output for 2020-21
8.1 Non-Farm Activities
8.2 Exports and Remittances
9. Concluding Observations
Annex III.1 Demographic and Epidemiological Transition: A Review of Theory
Annex III.2 Unemployment Convergence across States
Annex III.3 Labour Laws
Annex III.4 E-Governance Initiatives of States during COVID-19
Chapter IV: Way Forward
References
Explanatory Note on Data Sources and Methodology
LIST OF BOXES
II.1 Is there a Systematic Bias in Revised Estimates?
II.2 Determinants of States’ Discretionary Spending
II.3 Automatic Stabilisers in States’ Own Tax Revenue and Transfers
II.4 Assessing Fiscal Risks – Odisha’s Experience
III.1 Dharavi, Mumbai – A Successful Case of Public-Private Partnership
III.2 Impact of COVID-19 on the Micro, Small and Medium Enterprises in Tamil Nadu
III.3 COVID-19 - The Kerala Model of Containment – The Role of Local Self-Government
LIST OF TABLES
II.1 Major Deficit Indicators - All States and Union Territories with Legislature
II.2 Aggregate Receipts of State Governments and UTs
II.3 Revenue Expenditure Pattern of State Governments and UTs
II.4 Expenditure Pattern of State Governments and UTs
II.5 Fiscal Impact of States’ Farm Loan Waiver Programmes
II.6 Deficit Indicators of State Governments - State-wise
II.7 Tax Buoyancy of States’ Own Tax Revenue
II.8 GST Compensation Cess
II.9 Variation in Major Components
II.10 Composition of Expenditure on Social Services (Revenue and Capital Accounts)
II.11 State-wise Policy Measures to Contain the Adverse Impacts of Pandemic
II.12 Expenditure Rationalisation by States During COVID-19
II.13 Financing Pattern of Gross Fiscal Deficit
II.14 Market Borrowings of State Governments
II.15 Maturity Profile of Outstanding State Government Securities
II.16 Investments of Surplus Cash Balances of State Governments
II.17 Investment in CSF/GRF by States
II.18 Outstanding Liabilities of State Governments and UTs
II.19 Composition of Outstanding Liabilities of State Governments and UTs
II.20 Guarantees issued by State Governments
III.1 Notable Epidemics in India
III.2 Demographic Transition across States
III.3 Age and Co-morbidity Condition
III.4 Foodgrain Stock, Rabi and Kharif Production of Foodgrains
III.5 Trends in Economic Activity Index – Select States
III.6 Emigration Clearances for Overseas Employment- Share and Trend
LIST OF CHARTS
II.1 Major Deficit Indicators
II.2 State-wise GFD in 2020-21 BE
II.3 Primary Deficit - 2019-20 RE versus 2007-08
II.4 Change in Fiscal Position - 2017-18 to 2018-19
II.5 Revenue Expenditure Components – 2018-19 vis-à-vis 2017-18
II.6 Revenue Expenditure in 2019-20 – RE vis-à-vis BE
II.7 Committed Expenditure
II.8 Capex Cut in 2019-20: Statewise Pattern
II.9 States’ Revenue Receipts (April-June)
II.10 Petrol and Diesel Revenue: Trends
II.11 Revenue Receipts: Component Share
II.12 Social Sector Expenditure
II.13 Revenue Expenditure (April-June)
II.14 Capex Trends
II.15 Market Borrowings of Centre and States – Gross and Net
II.16 GFD-GSDP Ratio and Market Borrowing Gap (Actual to BE): 2019-20
II.17 GFD-GDP Ratio: Projection
II.18 Market Borrowings of States: April-September
II.19 SDLs – Maturity and Yield Spread
II.20 Debt and Interest Burden
II.21 Power Distribution Utilities – Financial Performance
III.1 Pandemics in India - Impact on GDP
III.2 State-wise Cumulative COVID-19 Cases
III.3 State-wise New COVID-19 Cases (Seven day moving average)
III.4 Case Fatality Rate from COVID-19
III.5 State-wise COVID-19 Spread and Mortality
III.6 India’s Demographic Transition
III.7 India’s Epidemiological Transition – Stylised Evidence
III.8 Epidemiological Transition across States
III.9 Demography and State Expenditure: Stylised Evidence
III.10 India’s Healthcare Expenditure
III.11 Healthcare in States: Expenditure and Private Hospitals’ Share and Affordability
III.12 Healthcare Human Resources
III.13 Hospital Infrastructure
III.14 Government Spending on Healthcare
III.15 Flow of Migrant Population (inclusive of migrant labourers) in 2011
III.16 MGNREGA Employment Demanded and Generated
III.17 Impact of COVID-19 on Unemployment and Labour Force Participation
III.18 Major Reverse Migration Corridors of Select States
III.19 Informal Employment and COVID-19 Lockdown Stringency – Cross-Country Comparison of Emerging Market Economies
III.20 MSMEs and COVID-19: Concentration Pattern
III.21 MSME Employment
III.22 Digital Competitiveness Score, 2020
III.23 Digital Preparedness of States, 2020
III.24 Direct Benefit Transfers – State-wise Analysis
III.25 Y-o-Y Growth Rate of Digital Transactions
III.26 Y-o-Y Change in Digital Transactions, Q1: 2020-21
III.27 Credit to GSDP Ratio – State wise
III.28 Credit and Deposit Growth
III.29 Impact of COVID-19 on C-D Ratio across States
III.30 Share of Capex in Government Expenditure across Tiers: Cross Country
III.31 Per Capita Expenditure and Revenues of all ULBs in India (2017-18)
III.32 State Government Transfer of Resources and Expenditure of the ULBs (2011-12 to 2017-18)
III.33 State wise Farm vis-à-vis Non-Farm Share in Output
III.34 State-wise Industry Share and COVID-19 Impact
III.35 India’s Exports and Inward Remittances: State-wise Share
LIST OF APPENDIX TABLES FOR STATES’ BUDGETS 2020-21
1. Major Deficit Indicators of State Governments
2. Devolution and Transfer of Resources from the Centre
3. Development and Non-Development Expenditure: Aggregate
4. Development Expenditure - Major Heads
5. Non-Development Expenditure - Major Heads
6. Development and Non-Development Expenditure
7. Composition of Social Sector Expenditure
8. Decomposition of Gross Fiscal Deficit
9. Financing of Gross Fiscal Deficit
10. Financing of Gross Fiscal Deficit - As Per cent of Total
11. Composition of Outstanding Liabilities of State Governments
12. Composition of Outstanding Liabilities of State Governments - As Proportion to Total
13. State Government Market Borrowings
LIST OF STATEMENTS AND APPENDICES FOR STATES’ BUDGETS 2020-21
LIST OF STATEMENTS
1. Major Fiscal Indicators
2. Revenue Deficit/Surplus
3. Gross Fiscal Deficit/Surplus
4. Decomposition of Gross Fiscal Deficit
5. Financing of Gross Fiscal Deficit – 2018-19 (Accounts)
6. Financing of Gross Fiscal Deficit – As per cent of Total – 2018-19 (Accounts)
7. Financing of Gross Fiscal Deficit – 2019-20 (RE)
8. Financing of Gross Fiscal Deficit – As per cent of Total – 2019-20 (RE)
9. Financing of Gross Fiscal Deficit – 2020-21 (BE)
10. Financing of Gross Fiscal Deficit – As per cent of Total – 2020-21 (BE)
11. Development Expenditure
12. Non-Development Expenditure
13. Interest Payments
14. Tax Revenue
15. Non-Tax Revenue
16. Loans from the Centre
17. Devolution and Transfer of Resources from the Centre
18. Composition of Outstanding Liabilities
19. Total Outstanding Liabilities of State Governments
20. Total Outstanding Liabilities - As percentage of GSDP
21. Market Borrowings of State Governments
22. State Government Market Loans
23. Maturity Profile of Outstanding State Government Securities
24. Maturity Profile of Outstanding State Government Securities - As Percentage of Total
25. Investment Outstanding in Treasury Bills
26. Expenditure on Education - As Ratio to Aggregate Expenditure
27. Expenditure on Medical and Public Health and Family Welfare - As Ratio to Aggregate Expenditure
28. Outstanding Guarantees of State Governments
29. Expenditure on Wages and Salaries
30. Expenditure on Operations and Maintenance
31. Social Sector Expenditure
32. Social Sector Expenditure to Total Disbursement
33. Revenue Receipts of State Governments
34. Revenue Expenditure of the State Governments
35. Development Expenditure: Select Indicators
36. Subsidies
APPENDICES
I. Revenue Receipts of States and Union Territories with Legislature
II. Revenue Expenditure of States and Union Territories with Legislature
III. Capital Receipts of States and Union Territories with Legislature
IV. Capital Expenditure of States and Union Territories with Legislature
NOTE TO APPENDICES

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