The Centre’s fiscal deficit hit 82.8% of the revised estimate (RE) until February this fiscal year, just a notch higher than the 82.7% a year before, according to the official data released on Tuesday. In absolute terms, the fiscal deficit hit ₹14.54 lakh crore in the first 11 months of FY23, against Rs 13.17 lakh … Read more
The government is expecting the economy to grow at 7-7.5 per cent in 2022-23, in line with its projections made at the beginning of this financial year. India registered a growth of 8.7 per cent in 2021-22. “We remain on course to meet the 7.4 per cent. We expect to achieve. This does not really … Read more
India will utilise a big bump in revenue collection to fund welfare programmes instead of trying to beat its fiscal deficit target or lower borrowing, two government sources told Reuters. The country is set to exceed its 2020/21 revenue collection target of Rs 15.45 lakh crore ($207.77 billion), the first beat in four years, but … Read more