Home / Mumbai / Mumbai News / Article / Maharashtra's GST revenue increased 19.9 per cent, highest for a state in the country: Ajit Pawar

Maharashtra's GST revenue increased 19.9 per cent, highest for a state in the country: Ajit Pawar

Maharashtra's gross state domestic product (GSDP) was expected to grow by 10 per cent in FY 2024-25, Finance minister Ajit Pawar said

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Ajit Pawar. File pic

Ajit Pawar. File pic

Maharashtra's gross state domestic product (GSDP) was expected to grow by 10 per cent in FY 2024-25 and the government is committed to ensure that revenue deficit doesn't cross the prescribed limit, Finance Minister Ajit Pawar told the Legislative Assembly on Friday, reported PTI.

Pawar was replying to a debate on the interim budget for FY 2024-25 presented in the Lower House earlier this week. He said the fiscal deficit -- gap between government's income and expenditure -- has been restricted at 2.32 per cent of state GDP. GSDP indicates total economic output generated within a state's boundaries over a specified period, typically a fiscal year.

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