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Analysts at the Japanese brokerage, Nomura, expect the government to pencil in a 16.5% rise in capex outlay in FY25 (compared with 36% budgeted in FY24), which should keep central government capex elevated at 3.4% of GDP
In the latest update to its World Economic Outlook report, the International Monetary Fund said the growth upgrade for India reflects
This year, Finance Minister Nirmala Sitharaman will present an Interim Budget due to the upcoming Lok Sabha elections scheduled for April-May.
Among its demands are higher procurement prices for ethanol produced from cane juice, a higher MSP in line with the increased FRP, and a preference for using sugarcane instead of maize in producing ethanol.
A fiscal deficit of 5.3 percent of GDP in 2024-25 would mean a 60-basis-point reduction in the fiscal deficit from this year's Budget estimate, which economists widely expect the Nirmala Sitharaman-led finance ministry to meet.