💨 Abstract

India's fiscal deficit for the current fiscal year (2024-25) is projected to be 4.7%-4.8% of GDP, lower than the government's estimate of 4.9%, due to reduced spending and a higher-than-expected dividend from the central bank. The budget deficit for the following fiscal year (2026) is planned to be within 4.5%.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖