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What is the expected trend for non-tax revenue for States in FY25?
  • a)
    Expected to remain above 30%
  • b)
    Expected to fall below 24%
  • c)
    Expected to rise above 30%
  • d)
    Expected to stabilize around 25%
Correct answer is option 'B'. Can you explain this answer?
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What is the expected trend for non-tax revenue for States in FY25?a) E...
Non-tax revenue for States is projected to fall below 24% in FY25, marking a 25-year low. This decline reflects challenges in revenue diversification and reliance on Central grants, highlighting the need for States to enhance their revenue-generating capabilities to ensure financial stability.
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