📷 Image: Wikimedia Commons / Ministry of Finance of India
Business
Meghalaya’s Economy Expands 12.03% in FY 2024-25 While Revenue Receipts Dip, Says CAG
✍️ India Today NE
🗓 31 Aug 2026, 01:33 AM
👁 3
The Comptroller and Auditor General reports that Meghalaya’s gross state domestic product rose 12.03% in the 2024-25 fiscal year, even as its revenue collections fell compared with the previous year.
The Comptroller and Auditor General (CAG) has released its latest audit of Meghalaya’s finances, showing that the state’s gross state domestic product (GSDP) grew by 12.03% in the 2024-25 fiscal year. The growth rate places Meghalaya among the faster‑expanding economies in the Northeast region.
Despite the robust expansion in output, the report notes a decline in the state’s revenue receipts during the same period. The fall in tax and non‑tax collections signals a widening gap between economic activity and fiscal inflows.
CAG officials pointed out that the contrasting trends underscore the need for the state government to strengthen its revenue mobilisation mechanisms while sustaining the momentum in productive sectors.
The audit recommends a focused review of tax administration and greater efficiency in public expenditure to ensure that the growth translates into improved fiscal health.
State authorities have not yet responded to the findings, but the data is expected to shape upcoming budgetary discussions and policy priorities for Meghalaya.
Despite the robust expansion in output, the report notes a decline in the state’s revenue receipts during the same period. The fall in tax and non‑tax collections signals a widening gap between economic activity and fiscal inflows.
CAG officials pointed out that the contrasting trends underscore the need for the state government to strengthen its revenue mobilisation mechanisms while sustaining the momentum in productive sectors.
The audit recommends a focused review of tax administration and greater efficiency in public expenditure to ensure that the growth translates into improved fiscal health.
State authorities have not yet responded to the findings, but the data is expected to shape upcoming budgetary discussions and policy priorities for Meghalaya.