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Fiscal Deficit: Fiscal Deficit at 5.6% Beats Projection | Delhi News

Higher than estimated nominal GDP helped the Centre close 2023-24 with a fiscal deficit of 5.6% of GDP, beating the government's projection of 5.8% in revised estimates. Latest data shows encouraging fiscal deficit numbers for FY24.

At 5.6% of GDP, FY24 fiscal gap beats target

In absolute terms, the FY24 fiscal deficit stood at ?16.54 lakh crore, down from the revised estimate of ?17.35 lakh crore and FY23 level of ?17.38 lakh crore, showed the official data released on Friday. A lower-than-anticipated deficit in FY24 and a generous surplus transfer by RBI earlier this month make the government's goal of reining in fiscal gap at 5.1% of GDP in FY25 seem more realistic now, experts said.

Economy Expands 7.8% in Q4, Lifting FY24 Growth to 8.2%

Indias growth surged to 8.2% in FY24, riding a better-than-expected 7.8% expansion in the March quarter on the back of robust manufacturing, provisional estimates released on Friday showed, underscoring the countrys status as the worlds fastest-expanding major economy.

Economy expands 7.8% in Q4, lifting FY24 growth to 8.2%

This is the highest annual growth since FY17, excluding the 9.7% post-Covid rebound in gross domestic product (GDP) in FY22 after the 5.8% contraction in FY21. The advance estimate released in February had pegged FY24 growth at 7.6%. Economists and government expect the high growth to continue though tepid private consumption remains a concern.

At 5.6% of GDP, FY24 Fiscal Gap Beats Target

The Centre contained its fiscal deficit at 5.6% of gross domestic product (GDP) in FY24, beating revised estimate of 5.8% on the back of improved resource mop-up and curtailed revenue expenditure, putting it on track to adhere to the glide path.

FY24 fiscal deficit lower than RE at 5.6%; subsidies down sharply

India's economy grows 8.2pc - Business & Finance

MUMBAI: India posted world-beating growth of 8.2 percent in the year to March on Friday, in a last-minute boost to...

India's economy grows 8.2% in election boost for PM Modi – ENG.MIZZIMA.COM

'Well done India': Top economists laud 8.2% GDP growth in FY24

India's economy grew 7.8% in the March quarter, pushing up the annual growth rate to 8.2%, according to official data released on Friday.

8.2 per cent GDP growth to boost business sentiments, create roadmap for Viksit Bharat: Experts

Industry experts on Friday hailed the 8.2 per cent GDP growth estimate for the full financial year 2023-24 calling it significant as it would boost business sentiments and create a roadmap for 'Viksit Bharat' by 2047.