Recent worsening in state finances cause for concern
Gross fiscal deficit as % of GDP
0
0.5
1
1.5
2
2.5
3
3.5
4
4.5
5
5.5
6
FY01
FY02
FY03
FY04
FY05
FY06
FY07
FY08
FY09
FY10
FY11
FY12
FY13
FY14
FY15
FY16
FY17*
States
Centre
* FY17 figures are revised estimates for most states
