This comes after the Indian economy grew at 7.2 per cent in FY23 as against the NSO’s earlier estimate of 7 per cent and SBI’s estimate of 7.1 per cent.
In the Union Budget presented by Finance Minister Nirmala Sitharaman in the Lok Sabha on February 1, the fiscal deficit target for 2023-24 was pegged at 5.9 per cent of the GDP.