Ecowrap - Incremental Power, Local Body Reforms Could Add Rs 72,000 Crore To States' FY22 Kitty: SBI Research

High voltage power lines outside an energy storage facility. (Photographer: David Paul Morris/Bloomberg)

Ecowrap - Incremental Power, Local Body Reforms Could Add Rs 72,000 Crore To States' FY22 Kitty: SBI Research

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BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

SBI Research Report

Indian states face a potential revenue shortfall of around Rs 1.05 lakh crore in FY22 budget estimates.

However, if the states could carry out the reforms in power sector and the local bodies, a potential amount of Rs 1.77 lakh crore could still be available to them. This implies that Indian states could still end FY22 with an additional Rs 72,000 thousand crore in their kitty.

Thus, fiscal position of Indian states is still much better than the overall consensus. Also, the recently released overall tax collection numbers have provided much cheer for the Centre.

Click on the attachment to read the full report:

SBI Ecowrap July 9.pdf

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