<h1>Gujarat's Fiscal Health: Strong Growth, Low Debt, Challenges in GST Collections and Seeking More Devolution Amid Urbanization.</h1> Gujarat has demonstrated impressive economic growth, particularly in reducing its Debt to GDP ratio and maintaining a fiscal deficit below 3%. However, challenges remain, notably in GST collections as the 14% compensation guarantee by the union government ends. The state is also addressing restructuring the National Disaster Relief Fund and improving the State Finance Commission's operations. Gujarat seeks increased devolution, proposing changes based on urbanization and social deprivation. The state emphasizes infrastructure development and social sector improvements, urging incentives for its prohibition policy. The 15th Finance Commission, on a visit to Gujarat, noted these issues and will consider them in its recommendations.