Social Welfare Spending of States

August 24, 2023

GS Paper II Indian Polity and Governance

Context:

According to the Crisil, social welfare spending of 11 states is to hit a 10 year high of Rs 4 lakh crore.
- However, these do not include spending on education, agriculture, public health and other key sectors, which are budgeted separately.

Social Welfare Spending

The top 11 Indian states account for 75-80 percent of aggregate gross state domestic product (GSDP).
- It is expected to reach a decadal high of over Rs 4 lakh crore, according to the budget estimates of these states for fiscal year 2024.
Committed Expenditure:
- Includes salaries, pension, and interest payments are estimated to grow at a compound annual growth rate (CAGR) of 9 percent between fiscal years 2018 and 2024.
Non-Committed Expenditure:
- Includes outlays on education (10-11 percent of revenue expenditure), power sector (6-7 percent), agriculture (6-7 percent), public health (4-5 percent), and social welfare schemes (13 percent).
Expenditure on social welfare schemes is estimated to clock 16 percent CAGR between fiscals 2018 and 2024, much faster than 11 percent growth in overall revenue expenditure.

To get PDF version, Please click on "Print PDF" button.

Recent Post
Most Viewed Post

Restructuring of National Testing Agency (NTA)

Bank Credit to Women Self-Help Groups

WHO-GARDP Report on Antibiotic Shortages

Assam Bird Sanctuary

New Undersea Cables to Boost India’s Digital Connectiv...

NATIONAL Commission for Women (NCW)

Social Stock Exchange

Data Point

Arsenic and Fluoride In Groundwater

WHO Launches ICD 11 – A Traditional Medicine Module 2:...

Prime- Minister’s Egypt State Visit

Drug Controller General of India

Recent Editorial

Improving the Capability of the Indian State

Reforming Agriculture Marketing

Why India needs to Relook its Strategy to Revive M...

On India-China Talks, Ties

The Resilience of Democracy

Should Legislatures in India have Fixed Tenures?

Popular current affairs

Restructuring of National Testing Agency (NTA)

Bank Credit to Women Self-Help Groups

WHO-GARDP Report on Antibiotic Shortages

Assam Bird Sanctuary

New Undersea Cables to Boost India’s Digital...

NATIONAL Commission for Women (NCW)

Our Courses

Our Courses

Need help preparing for UPSC or State PSCs?

Connect with our experts to get free counselling & start preparing

THE MOST
LEARNING PLATFORM

Learn From India's Best Faculty

Contact Details

THE MOST
LEARNING PLATFORM

Learn From India's Best Faculty

Follow Us:

Contact Details

Download Our App