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Analysts and economists praise the interim Budget's fiscal projections, highlighting the government's commitment to fiscal consolidation. The projected fiscal deficit numbers for FY24 and FY25 indicate that the target of 4.5% fiscal deficit by FY26 is achievable. The net market borrowing in FY25 will positively impact the bond market and 10-year G-sec yields. The higher than expected capex and lower fiscal deficit suggest healthier expenditure quality.

Revenue collections seen to give comfort to fiscal deficit, capital outlay

Analysts and economists have hailed the fiscal projections in the interim Budget, saying the lower fiscal deficit forecast shows that the government, even in an election year, is serious about fiscal consolidation and that the numbers look achievable. According to Devendra Kumar Pant, the chief economist at India Ratings, the two broad themes of the interim Budget are fiscal consolidation and stepping up focus on agriculture/rural to course correct, to some extent, the differential benefits of the ongoing economic growth that's tilted in favour of upper-income bracket/urban households. The pro...

By Hugo Barcia New Delhi, Jan 31 (EFE).- India has set an ambitious goal of becoming a $5-trillion economy within the next three years, with further aspirations to reach $7 trillion by 2030, said a government report released ahead of the annual budget announcement in an election year. According to the finance ministry’s report, India …

The government may choose to maintain fiscal conservatism in the Interim Budget to be presented on February 1, but there is expectation that it will contain a few popular announcements ahead of the General Elections. How will the government maintain this balance? - Issue Date: Feb 04, 2024