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Welfare spends: Election commitments, cash incentives push social welfare spends of 11 states to the highest level in FY24

CRISIL on Wednesday pointed out that the social welfare spending of the largest 11 states, which account for 75-80% of the countrys national output, has witnessed a jump since FY18, with the sector accounting for 1.7% share of the GSDP in FY24, compared with 1.2-1.3% earlier. ....

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