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

August 30, 2024

India’s Fiscal Deficit Soars Amid Rising Expenditures and Subsidies

India’s fiscal deficit for the first four months of the 2024-25 financial year reached 17.2% of the full-year target, with a gap of Rs 2,76,945 crore. The government aims to reduce the fiscal deficit to 4.9% of GDP this year, down from 5.6% last year. Total expenditure in this period was Rs 13 lakh crore, ...

August 30, 2024

Market News

Business

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 ...