## Odisha Tops Fiscal Health Index 2023–24 Among Major States
**Bhubaneswar:** Odisha has emerged as the **best-performing state in India in the Fiscal Health Index (FHI) 2023–24**, securing the **first rank with a score of 73.1** among major states. The report highlights Odisha’s strong fiscal discipline, efficient revenue mobilization, and responsible debt management, placing it significantly ahead of other states.
The Fiscal Health Index evaluates the financial performance of states based on parameters such as **quality of expenditure, revenue mobilization, fiscal prudence, debt index, and debt sustainability**. Odisha’s strong performance across these indicators reflects the state’s consistent efforts to maintain sound financial management while supporting development activities.
According to the report, Odisha recorded a **quality of expenditure score of 71.2**, demonstrating effective allocation of public funds toward productive sectors. The state also achieved a **high revenue mobilization score of 80.3**, indicating its strong capacity to generate resources without excessive reliance on borrowing.
Odisha’s **debt management practices were among the strongest in the country**, with a debt index score of **95.8**, reflecting low financial risk and sustainable borrowing policies. Experts note that the state’s cautious fiscal strategy and efficient utilization of funds have contributed to long-term financial stability.
Following Odisha in the rankings, **Goa secured the second position with a score of 54.7**, while **Jharkhand ranked third with 50.5**. States such as **Gujarat, Maharashtra, and Chhattisgarh** also performed moderately well in the index.
On the other hand, several states including **Kerala, West Bengal, Andhra Pradesh, and Punjab** were placed in the lower ranks, highlighting concerns related to fiscal deficits, debt sustainability, and revenue generation.
Economists say Odisha’s top ranking reflects the state government’s emphasis on **financial discipline, effective governance, and sustainable economic planning**. A strong fiscal position not only ensures stability in public finances but also enables greater investment in infrastructure, social welfare, and economic development.
With this achievement, Odisha has set an example for other states in maintaining **responsible fiscal management while pursuing inclusive growth and development**.
