India Q2 GDP Growth 2024 Live Updates: Indian economy likely slowed down in July-September quarter
India GDP Growth 2024 Live: Fiscal deficit target to be achieved?
The government is expected to achieve a fiscal deficit of 4.75 per cent in FY25, which is 0.19 per cent below the budgetary target, through effective expenditure management, according to India Ratings and Research’s statement. The agency further indicated that revenue expenditure, excluding subsidies, would be 0.12 per cent of GDP lower than the budget estimate.
Devendra Kumar Pant, the agency’s chief economist and head of public finance, indicated that the government’s capital expenditure would fall short by Rs 62,000 crore from the projected Rs 11.11 lakh crore.
