According to a report by Comptroller and Auditor General (CAG) GSDP of Mizoram increased by 15.62 percent.

The Gross State Domestic Product (GSDP) of Mizoram increased by 15.62 percent in the fiscal year 2020–21. This was brought out in a report from India's Comptroller and Auditor General (CAG).

According to a report submitted by Mizoram Chief Minister Zoramthanga to the assembly on September 6, the GSDP of the state has increased at a pace ranging from 12.76 percent to 15.62 percent between 2016 and 2021.

The report said that the GSDP for the 2020–21 fiscal year increased by 15.62 percent to Rs 29,076 crore from Rs 25,149 crore in the fiscal year 2019–20. The primary sector's growth rate in the GSDP has significantly decreased over the five years from 2016-2017 to 2020-2021, falling from 18.16 percent in 2016-17 to 11.15 percent in 2020-21, while the growth in the secondary sector has stayed more-or-less consistent, based on the report.

The MTFPS's targets for the fiscal deficit-GSDP ratio and the debt-GSDP ratio were also not attained, it stated.

The fiscal deficit for 2020–21 was 6.43 percent of GSDP, exceeding the projected level of 6.40 percent, while the revenue shortfall for the year was Rs 774.13 crore. Despite not being able to achieve the desired level. The state government's debt to gross state product ratio decreased from 34.51 percent the year before to 33.98 percent. The fiscal deficit for 2020–21 was Rs 1,869.31 crore.

The report further mentioned an internal debt of Rs. 768.17 crores, public account liabilities of Rs. 209.40 crores, and loans from the Centre, which amounted to Rs 225.25 crore, were all increasing as part of the financial liabilities for the current year.

As a consequence, the total outstanding liabilities for the year were Rs. 9,881.09 crores, or 33.98 percent of the gross domestic product, falling short of the objective of 27.85 percent, it stated.

Due to the non-provision of interest and non-contribution to the designated funds, the state's revenue deficit and fiscal deficit were both understated by Rs. 15.84 crore.

In a bid to close the revenue gap within the state, the CAG has advised that the state government should raise both tax and non-tax revenues. Additionally, it requested that the fiscal deficit target set by the MFRBM Act be followed.

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