The Times of India

CAG flags widening fiscal stress in Maharashtra despite robust growth; warns of rising revenue deficit, weak budget planning

Maharashtra's economic landscape displays robust growth; however, it grapples with financial pressures due to escalating costs. A large portion of state revenue is devoted to salaries and pensions, consuming over half of the total. Increased subsidies hinder fiscal agility and stifle investment opportunities. Furthermore, budget management faces challenges, evidenced by excessive supplementary grants and spending spikes at fiscal year-end.