| ACS | Average Cost of Supply |
| APDRP | Accelerated Power Development and Reforms Programme |
| ARR | Average Revenue Realised |
| AT&C | Aggregate Technical and Commercial |
| ATB | Auction Treasury Bills |
| BE | Budget Estimates |
| BPL | Below Poverty Line |
| CGST | Central Goods and Services Tax |
| CPC V | Fifth Central Pay Commission |
| CPC VI | Sixth Central Pay Commission |
| CPC VII | Seventh Central Pay Commission |
| CPSUs | Central Public Sector Undertakings |
| CSS | Centrally Sponsored Schemes |
| DCRF | Debt Consolidation and Relief Facility |
| DDUGJY | Deendayal Upadhyaya Gram Jyoti Yojana |
| DEA | Data Envelopment Analysis |
| Discoms | Distribution Companies |
| DSS | Debt Swap Scheme |
| EC | Empowered Committee |
| ESOP | Employee Stock Ownership Plan |
| FC XII | Twelfth Finance Commission |
| FC XIII | Thirteenth Finance Commission |
| FC XIV | Fourteenth Finance Commission |
| FDH | Free Disposable Hull |
| FIs | Financial Institutions |
| FPIs | Foreign Portfolio Investments |
| FRBM | Fiscal Responsibility and Budget Management |
| FRL | Fiscal Responsibility Legislation |
| FRP | Financial Restructuring Plan |
| GCC | Gulf Cooperation Council |
| GDP | Gross Domestic Product |
| GFD | Gross Fiscal Deficit |
| GSDP | Gross State Domestic Product |
| GST | Goods and Services Tax |
| GSTN | Goods and Services Tax Network |
| HDI | Human Development Index |
| ICRA | Investment Information and Credit Rating Agency |
| IGST | Integrated Goods and Services Tax |
| IPDS | Integrated Power Development Scheme |
| IP-RR | Interest Payments to Revenue Receipts |
| ITB | Intermediate Treasury Bills |
| LBs | Local Bodies |
| LIC | Life Insurance Corporation of India |
| NABARD | National Bank for Agriculture and Rural Development |
| NCDC | National Cooperative Development Corporation |
| NITI Ayog | National Institution for Transforming India |
| NPA | Non Performing Asset |
| NSC | Non-Special Category states |
| NSSF | National Small Savings Fund |
| NTPC | National Thermal Power Corporation |
| OD | Overdraft |
| OROP | One Rank One Pension |
| PD | Primary Deficit |
| PPAs | Power Purchase Agreements |
| PRD | Primary Revenue Deficit |
| PRIs | Panchayati Raj Institutions |
| PSDF | Power Sector Development Fund |
| RD | Revenue Deficit |
| RE | Revised Estimates |
| RIAB | Restructuring and Internal Audit Board |
| RNR | Revenue Neutral Rate |
| RPO | Renewable Purchase Obligation |
| SC | Special Category states |
| SDLs | State Development Loans |
| SEBs | State Electricity Boards |
| SFA | Stochastic Frontier Analysis |
| SFC | State Finance Commission |
| SGST | State Goods and Services Tax |
| SLPEs | State Level Public Enterprises |
| SSE | Social Sector Expenditure |
| UDAY | Ujwal Discoms Assurance Yojana |
| ULBs | Urban Local Bodies |
| UTs | Union Territories |
| VAT | Value Added Tax |
| WMA | Ways and Means Advances |