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In 2026, which organization released the second annual edition of the тАЬFiscal Health Index (FHI)тАЭ to assess statesтАЩ financial performance?
Securities and Exchange Board of India
Finance Commission of India
Comptroller and Auditor General of India
National Institution for Transforming India
National Institution for Transforming India
NITI Aayog (National Institution for Transforming India) released the second annual edition of the Fiscal Health Index (FHI) to evaluate the fiscal performance of Indian states. The index utilizes multiple financial parameters, including debt-to-GSDP ratios and revenue mobilization, to rank states based on their fiscal prudence.
NITI Aayog (National Institution for Transforming India) released the second annual edition of the Fiscal Health Index (FHI) to evaluate the fiscal performance of Indian states. The index utilizes multiple financial parameters, including debt-to-GSDP ratios and revenue mobilization, to rank states based on their fiscal prudence.
Article 280 of the Indian Constitution establishes the Finance Commission, which is the constitutional body responsible for recommending the distribution of tax proceeds between the Union and the States, whereas NITI Aayog serves as a think-tank rather than a constitutional body.
NITI Aayog replaces the erstwhile Planning Commission, which was established in 1950.
The Fiscal Health Index is designed to encourage competitive federalism among Indian states.
The index emphasizes metrics such as fiscal deficit, interest payment burden, and own tax revenue performance.
NITI Aayog acts as the premier policy think-tank of the Government of India, promoting cooperative federalism.
The Comptroller and Auditor General (CAG) of India, established under Article 148, performs the audit of state accounts but does not formulate fiscal health indices for comparative state performance.
Option B (Finance Commission) is a constitutional body that determines the formula for tax devolution between the center and states but does not publish an annual Fiscal Health Index.
Option A (SEBI) is the regulator for the securities market and is not involved in assessing the fiscal performance of state governments.
D is correct тАФ The National Institution for Transforming India (NITI Aayog) is the organization responsible for publishing the annual Fiscal Health Index to monitor the financial stability of Indian states.
When studying fiscal indices, always cross-reference with the Terms of Reference of the current Finance Commission to understand how the Central government integrates performance-based incentives for states in the Union Budget.
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