<h1>Revenue growth in 18 major states projected at 7-9%, driven by GST, liquor tax, and central grants</h1> A rating agency projected that the revenue growth of 18 large states, representing over 90% of the gross state domestic product, will increase by 7-9% to approximately Rs 40 lakh crore in the current fiscal year. This growth surpasses the previous year's 6.6% but remains below the decade average of 10%. The revenue is expected to be driven by steady GST collections, liquor tax, and modest petroleum tax growth, alongside a 3-4% increase in central grants due to higher allocations for centrally sponsored schemes. The projection assumes a 9% nominal GDP growth, though it may be affected by global and domestic economic factors. The report emphasizes the need for states to enhance their own revenue sources and collection efficiency to maintain sustainable growth.