UP among best fiscally managed states despite low per capita income: Finance Commission chief

Arvind Panagariya, Chairman of the 16th Finance Commission, lauded Uttar Pradesh's financial management, highlighting its strong tax collection relative to GSDP and adherence to fiscal norms, despite its low per capita income. He noted the state's advantage from the Finance Commission's devolution formula and cautioned against high public debt, while mentioning UP's request for an increased share of tax revenue.