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Financial Health Index (FHI) 2025

Why in News?

  • NITI Aayog released the first "Financial Health Index (FHI) 2025" report.
  • This report was released by Arvind Panagariya, Chairman, 16th Finance Commission.

Key Points:

  • This report is an attempt to provide a comprehensive understanding of the financial health of the states and divides the states into categories based on their financial performance.
  • This report ranks the states based on the data of 2022-23.
  • It assesses the fiscal health of 18 major states of India.
  • The report is based on five main sub-indices:
    • Quality of Expenditure
    • Revenue Mobilization
    • Financial Prudence
    • Debt Index
    • Debt Sustainability

Financial Health Index 2025- Categories and Rankings:

Category

Rank

State

Key Performance

Achievers

1-5

Odisha, Chhattisgarh, Goa, Jharkhand

Odisha excelled with the highest index score of 67.8.

Front Runner

6-10

Maharashtra, Uttar Pradesh, Telangana, Madhya Pradesh, Karnataka

Notable performance in balanced financial management.

Performers

11-14

Tamil Nadu, Bihar, Rajasthan, Haryana

States demonstrated average levels of financial management.

Aspirational

15-18

Punjab, Andhra Pradesh, West Bengal, Kerala

The worst-performing states in terms of financial management.

NITI Aayog:

  • Full name: National Institution for Transforming India
  • Established: 1 January 2015
  • Headquarters: New Delhi, India
  • Role: Guidance of policies and state-centre cooperation
Prelims

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