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GS-3Economy · 05 Aug 2026
How Indian States Manage Their Money: SOTR, GSDP, FRBM, Finance Commission & Fiscal Deficit
A story-based walkthrough of state finances — how states earn, how they spend, why they borrow, and how India's fiscal federalism holds it all together. Covering State's Own Tax Revenue (SOTR), Gross State Domestic Product (GSDP), Debt-to-GSDP ratio, Revenue vs Fiscal Deficit, Article 280 and the Finance Commission, FRBM Act 2003, and the N.K. Singh Review Committee — with concept-based MCQs.