Analysing economic progress of states through budgets & advance estimates

State budgets are often analysed to gauge the fiscal performance of the governments. But they, along with advance estimates, are also important tools to understand the broader economic progress of the respective states. Several states have come out with the Budgets for 2024-25 and hence advance estimates. Let us use them to analyse the economic performance or outlook of some of those states.

Uttar Pradesh

The budget assumption of the state showed that the nominal economic growth would be 5.8 per cent for the next financial year. This is much lower than 10.5 per cent pegged by the union Budget