VERIFIEDET Policy·22 Sept 2026positive

States' revenue growth to accelerate 9-11% as GST collections rise 16% in first five months: Crisil

AI Summary

·Revenue growth for 18 Indian states is projected to accelerate to 9-11% in fiscal 2027.
·This expansion is driven by a 12-13% rise in GST collections and an 11-12% increase in tax devolution from the Centre.
·Stable growth in liquor, petroleum, and stamp duty taxes will further support state finances.