Articles for tag: Deficit, Expenditures, Fiscal, Indias, Rising, Soars, Subsidies

India Targets Ambitious 4.9% Fiscal Deficit, New Budget Brings Hope

The Indian government has set a fiscal deficit target of 4.9% of GDP for the current budget, down from 5.6% in the previous year. Between April and July, the fiscal deficit reached 2.77 trillion rupees, accounting for 17.2% of the annual estimate. During this period, net tax collections were 7.15 trillion rupees, representing 27.7% of ...