India Fiscal Deficit To Gdp

Chief Economic Advisor V Anantha Nageswaran on Thursday said the economy is expected to grow at 6.5 per cent in the current fiscal notwithstanding deficient rains in August.

The Centre's fiscal deficit narrowed to 6.4 per cent of the GDP in 2022-23 from 6.71 per cent in FY22, as anticipated by Finance Minister Nirmala Sitharaman in her Budget in February this year.

High nominal GDP growth in the first quarter supported strong growth in revenue collection, especially Goods and Services Tax (GST), despite tax cuts on fuel.

Despite the decision to extend the free ration scheme for the seventh time, the fiscal deficit will still meet the budget target of 6.4 per cent of the GDP for this year, a Finance Ministry official added.

Government can meet the fiscal deficit target of 6.4 per cent for 2022-23 if there are no excise duty cuts to lower high oil prices

Fiscal deficit for 2021-22 worked out to be 6.71 per cent of the gross domestic product (GDP), lower than 6.9 per cent projected by the Finance Ministry in the revised Budget Estimates, according to government data released on Tuesday.

India's export duty hikes and tax cuts will likely hurt economic growth and raise the chances of the fiscal deficit widening

India is likely to rank among the emerging economies worst affected by the Russia-Ukraine crisis, say analysts

Government has set a target to reduce fiscal deficit to 6.4 per cent of GDP in 2022-23 from the estimated 6.9 per cent in the current financial year

A miss in the disinvestment target may cause the fiscal deficit to rise at Rs 16.6 lakh crore or 7.1 per cent of the GDP in the current financial year

Government is aiming for a fiscal deficit of 6.3 per cent to 6.5 per cent of GDP for the next financial year, a less ambitious target than previously

India's economic growth will remain strong in the coming quarters while inflation is likely to remain at elevated levels, Standard and Poor's has said

Fitch Ratings estimated India to clock an 11 per cent growth in the fiscal beginning April and then grow at 6.5 per cent a year through to 2025-26 fiscal.

India's fiscal deficit crossed the annual target for 2020-21 in August government data showed. According to the data, the fiscal deficit at the end of July stood at Rs 8.21 lakh crore

Global public debt is expected to exceed 100 per cent of the GDP in 2020-21, a senior IMF official said

Chief Economic Advisor V Anantha Nageswaran on Thursday said the economy is expected to grow at 6.5 per cent in the current fiscal notwithstanding deficient rains in August.

The Centre's fiscal deficit narrowed to 6.4 per cent of the GDP in 2022-23 from 6.71 per cent in FY22, as anticipated by Finance Minister Nirmala Sitharaman in her Budget in February this year.

High nominal GDP growth in the first quarter supported strong growth in revenue collection, especially Goods and Services Tax (GST), despite tax cuts on fuel.

Despite the decision to extend the free ration scheme for the seventh time, the fiscal deficit will still meet the budget target of 6.4 per cent of the GDP for this year, a Finance Ministry official added.

Government can meet the fiscal deficit target of 6.4 per cent for 2022-23 if there are no excise duty cuts to lower high oil prices

Fiscal deficit for 2021-22 worked out to be 6.71 per cent of the gross domestic product (GDP), lower than 6.9 per cent projected by the Finance Ministry in the revised Budget Estimates, according to government data released on Tuesday.

India's export duty hikes and tax cuts will likely hurt economic growth and raise the chances of the fiscal deficit widening

India is likely to rank among the emerging economies worst affected by the Russia-Ukraine crisis, say analysts

Government has set a target to reduce fiscal deficit to 6.4 per cent of GDP in 2022-23 from the estimated 6.9 per cent in the current financial year

A miss in the disinvestment target may cause the fiscal deficit to rise at Rs 16.6 lakh crore or 7.1 per cent of the GDP in the current financial year

Government is aiming for a fiscal deficit of 6.3 per cent to 6.5 per cent of GDP for the next financial year, a less ambitious target than previously

India's economic growth will remain strong in the coming quarters while inflation is likely to remain at elevated levels, Standard and Poor's has said

Fitch Ratings estimated India to clock an 11 per cent growth in the fiscal beginning April and then grow at 6.5 per cent a year through to 2025-26 fiscal.

India's fiscal deficit crossed the annual target for 2020-21 in August government data showed. According to the data, the fiscal deficit at the end of July stood at Rs 8.21 lakh crore

Global public debt is expected to exceed 100 per cent of the GDP in 2020-21, a senior IMF official said