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Government aims to cut fiscal deficit to 4.5pc of GDP in 2025-26 The government will continue its focus on improving quality spending, strengthening the social security net and reducing the fiscal deficit to 4.5 per cent of the GDP in the financial year 2025-2026, according to a Finance Ministry statement.   Finance Minister Nirmala Sitharaman is expected to continue with the government’s position of increasing expenditure on big-ticket infrastructure projects and social welfare schemes for the poor while keeping the fiscal deficit in check w...
Government aims to cut fiscal deficit to 4.5pc of GDP in 2025-26
Government aims to cut fiscal deficit to 4.5pc of GDP in 2025-26
Source: IANS
2024-12-26 09:11:51 am
Centre`s 7-month fiscal deficit at 46.5 per cent of full year target Centre's fiscal deficit at the end of the first seven months (April-October) of the current financial year works out to 46.5 per cent of the full-year target, official data released on Friday showed.  This reflects a strong macroeconomic financial position with the government sticking to the fiscal consolidation path. The government aims to bring down the fiscal deficit to 4.9 per cent of gross domestic product (GDP) in the current financial year from 5.6 per cent in 2023-24. ...
Centre`s 7-month fiscal deficit at 46.5 per cent of full year target
Centre`s 7-month fiscal deficit at 46.5 per cent of full year target
Source: IANS
2024-11-30 08:41:05 am
India`s fiscal deficit narrows to 29.4 pc of FY25 target in April-Sep India’s fiscal deficit for the April-September period stood at Rs 4.75 lakh crore, or about 29.4 per cent of the estimate, for the current fiscal (FY25), government data showed on Wednesday.  According to the data, net tax receipts for the first six months of the current financial year were Rs 12.65 lakh crore, or 49 per cent of the annual target, compared with Rs 11.6 lakh crore for the same period last year. The gap between expenditure and revenue during the first six month...
India`s fiscal deficit narrows to 29.4 pc of FY25 target in April-Sep
India`s fiscal deficit narrows to 29.4 pc of FY25 target in April-Sep
Source: IANS
2024-10-31 09:24:57 am
Quote on India`s FY 25 Fiscal Deficit by Dr. Manoranjan Sharma, Chief Economist, Infomerics Ratings Below the Quote on India`s FY 25 Fiscal Deficit by Dr. Manoranjan Sharma, Chief Economist, Infomerics Ratings..   Marked shrinkage in India’s FY 25 fiscal deficit for April-August at Rs 4.35 lakh crore-Way to go India’s deficit and debt dynamics imperil the macro-economy. While “fiscal policy plays a much more expansive role (than monetary policy), as fiscal structural policies affect growth, competitiveness, and the distribution of inc...
Quote on India`s FY 25 Fiscal Deficit by Dr. Manoranjan Sharma, Chief Economist, Infomerics Ratings
Quote on India`s FY 25 Fiscal Deficit by Dr. Manoranjan Sharma, Chief Economist, Infomerics Ratings
Source: Infomerics Ratings
2024-10-01 02:59:20 pm
Centre's fiscal deficit in Apr-Jul at 17.2% of full-year target: CGA data The Controller General of Accounts (CGA) in its latest data has showed that the Centre's fiscal deficit at the end of first four months of FY25 (April-July 2024) touched 17.2 per cent of the full-year target. In absolute terms, the fiscal deficit -- the gap between expenditure and revenue -- was Rs 2,76,945 crore as of July-end. The deficit stood at 33.9 per cent of the Budget Estimates (BE) in the corresponding period of 2023-24. In the Union Budget, the government projected to bring dow...
Centre's fiscal deficit in Apr-Jul at 17.2% of full-year target: CGA data
Centre's fiscal deficit in Apr-Jul at 17.2% of full-year target: CGA data
Source: Accord Fintech
2024-09-02 12:39:13 pm
India's fiscal deficit for April-July stands at 17.2 pc of full-year target The Central government's fiscal deficit in the first four months (April-July) of the current financial year stands at Rs 2.77 lakh crore which works out to 17.2 per cent of the full-year target and is lower than the corresponding figure of 33.9 per cent in the same period last year, according to official data released on Friday.   The data showed that net tax receipts for the period stood at Rs 7.15 lakh crore, or 27.7 per cent of the annual target, which is higher compared with R...
India's fiscal deficit for April-July stands at 17.2 pc of full-year target
India's fiscal deficit for April-July stands at 17.2 pc of full-year target
Source: IANS
2024-08-31 09:06:22 am
India`s fiscal deficit improves to 5.6% of GDP in FY24 Amid higher revenue realisation and lower expenditure, India’s fiscal deficit - the gap between expenditure and revenue - came in at 5.6% of the Gross Domestic Product (GDP) in FY 2023-24 (FY24), lower than the revised estimate (RE) of 5.8%. In actual terms, the fiscal deficit stood at Rs 16.53 lakh crore, or 5.63 per cent of the GDP, which grew 8.2 per cent in 2023-24. In the revised estimate for 2023-24, the government had in the interim Budget presented in Parliament on February 1...
India`s fiscal deficit improves to 5.6% of GDP in FY24
India`s fiscal deficit improves to 5.6% of GDP in FY24
Source: Accord Fintech
2024-06-03 04:47:55 pm
India's fiscal profile better placed to fight global economic shocks, says analyst India's fiscal profile has become structurally healthy amid better tax compliance, improved base and focus on quality spending, as per Emkay Global Financial Services. A healthy twin deficit shields India from massive emerging market shocks in case the global cycle turns averse, it said. There should be no divergence from fiscal targets unless there is a global or domestic shock. Meanwhile, CAD/GDP has averaged 1.3 per cent since Covid, even with Brent at $85 a barrel. There has ...
India's fiscal profile better placed to fight global economic shocks, says analyst
India's fiscal profile better placed to fight global economic shocks, says analyst
Source: IANS
2024-04-29 01:42:56 pm
Time to fix fundamental trade deficit problem of rural areas: Zoho`s Sridhar Vembu Rural districts in the country have seen a prolonged trade deficit compared to the world which needs a fix in the coming years, IT software company Zoho’s CEO Sridhar Vembu said on Monday. Comparing some aspects of the US-China economic situation in a post on X social media platform, Vembu said when China makes all the stuff and the US buys a lot more of the stuff than it makes, “that has a deep implication for the nature of jobs in the US”. “The distortion of em...
Time to fix fundamental trade deficit problem of rural areas: Zoho`s Sridhar Vembu
Time to fix fundamental trade deficit problem of rural areas: Zoho`s Sridhar Vembu
Source: IANS
2024-04-29 10:00:58 am
Surge in GST collections across states paves way for stable growth ahead The surge in GST collections which have crossed the Rs 2 lakh crore mark for 2023-24 reflects the strength of the Indian economy across sectors and regions of the country and augurs well for keeping the fiscal deficit in check going ahead. Large states across the country have also registered a double-digit growth in tax collections during March which shows the depth of the Indian economy. Karnataka has clocked the highest growth rate of 26 per cent in GST collections while Maharashtra h...
Surge in GST collections across states paves way for stable growth ahead
Surge in GST collections across states paves way for stable growth ahead
Source: IANS
2024-04-02 02:05:13 pm
India`s fiscal deficit in 11 months at 86.5 pc of full financial year target India’s fiscal deficit during the first 11 months of 2023-24 stood at Rs 15.01 lakh crore which is 86.5 per cent of the revised annual estimate, data released by the Controller General of Accounts on Thursday showed. The revised annual estimate for the fiscal deficit in the vote-on-account budget on February 1, was at Rs 17.35 lakh crore for the full financial year 2023-24. The decline in the fiscal deficit, despite an increase in the government’s expenditure on big ticket i...
India`s fiscal deficit in 11 months at 86.5 pc of full financial year target
India`s fiscal deficit in 11 months at 86.5 pc of full financial year target
Source: IANS
2024-03-29 09:06:10 am
India will stick to revised fiscal deficit target of 5.8% for FY24 - government source India will stick to its revised fiscal deficit target of 5.8% for fiscal year 2024, a top government source said on Friday. The country's economy grew at its fastest pace in one-and-a-half years in the final three months of 2023, data released on Thursday showed.
India will stick to revised fiscal deficit target of 5.8% for FY24 - government source
India will stick to revised fiscal deficit target of 5.8% for FY24 - government source
Source: Reuters
2024-03-01 12:58:19 pm
India`s April-January fiscal deficit at 64% of 2023/24 target India's fiscal deficit for ten months of the 2023/34 financial year was 11.03 trillion rupees ($133.1 billion), or 63.6% of the estimate for the whole year, government data showed on Thursday. Net tax revenues for the April-January period were 18.80 trillion rupees, or 81% of the annual estimate, compared with 16.89 trillion rupees in the same period last year, according to the data. The financial year began April 1, 2023. Total expenditure during the period was 33.55 trillion rupee...
India`s April-January fiscal deficit at 64% of 2023/24 target
India`s April-January fiscal deficit at 64% of 2023/24 target
Source: Reuters
2024-02-29 04:57:45 pm
India`s lower fiscal deficit target a `surprise`- ICRA`s Aditi Nayar A lower-than-expected fiscal deficit target in India's budget came as a surprise, even as it was expected to be fiscal-centric, the chief economist of credit rating agency ICRA told Reuters on Friday. "We had expected fiscal deficit at 5.3% of gross domestic product (GDP)," Aditi Nayar, also the head of research and outreach at Gurugram-based ICRA, told the Reuters Trading India Forum. The government aims to reduce its fiscal deficit to 5.1% of GDP, down from a revised 5.8...
India`s lower fiscal deficit target a `surprise`- ICRA`s Aditi Nayar
India`s lower fiscal deficit target a `surprise`- ICRA`s Aditi Nayar
Source: Reuters
2024-02-02 02:17:14 pm
India yet to see significant improvement in debt affordability - Moody`s India has not seen significant improvement in debt affordability to justify a rethink of the country's sovereign ratings upgrade, an analyst at Moody's Investors Service said on Thursday after the government unveiled its last budget before the upcoming elections. "I think it is worth bearing in mind that the largest proportion of the Union budget is still servicing interest payments," Senior Vice President Christian de Guzman told Reuters in an interview. "I think...
India yet to see significant improvement in debt affordability - Moody`s
India yet to see significant improvement in debt affordability - Moody`s
Source: IANS
2024-02-01 05:49:42 pm
Post Budget Comment on Fiscal Deficit by Aniruddha Naha of PGIM India Asset Management Below the post budget comment on fiscal deficit by Aniruddha Naha, CIO – Alternates, PGIM India Asset Management.      “The government has stuck to the path of fiscal prudence and it was a welcome surprise to see the fiscal deficit revised estimates to be at 5.8% and a glide path towards 5.1% and 4.5% over the next two years. Also, growth in tax assumptions are below 12%, which is conservative and gives the government reasonable elbow room to continue ...
Post Budget Comment on Fiscal Deficit by Aniruddha Naha of PGIM India Asset Management
Post Budget Comment on Fiscal Deficit by Aniruddha Naha of PGIM India Asset Management
Source: PR Agency
2024-02-01 02:46:12 pm
Government targets lowering fiscal deficit to 5.1% for FY25, bond yields drop India's Finance Minister Nirmala Sitharaman holds up a folder with the Government of India's logo as she leaves her office to present the federal budget in the parliament, ahead of the nation's general election, in New Delhi
Government targets lowering fiscal deficit to 5.1% for FY25, bond yields drop
Government targets lowering fiscal deficit to 5.1% for FY25, bond yields drop
Source: Reuters
2024-02-01 12:20:07 pm
India`s factory growth hits four-month high in January on robust demand India's manufacturing industry improved substantially at the start of 2024 with factory activity expanding at its fastest pace in four months in January on robust demand and an upbeat year-ahead outlook, a private survey showed on Thursday. The HSBC final India Manufacturing Purchasing Managers' Index, compiled by S&P Global, rose to 56.5 in January from December's 18-month low of 54.9. Although the final reading was a tad lower than a preliminary estimate of 56.9, it wa...
India`s factory growth hits four-month high in January on robust demand
India`s factory growth hits four-month high in January on robust demand
Source: Reuters
2024-02-01 10:44:00 am
India's PM Narendra Modi likely to lay out modest economic manifesto in pre-election budget Indian Prime Minister Narendra Modi's government will present its final budget on Thursday before elections, with plans expected to be fiscally prudent with a focus on infrastructure spending but heavy on political messaging ahead of the national vote. Finance Minister Nirmala Sitharaman will announce the budget for the financial year 2024/25 which starts April 1 at 0530 GMT. She is expected to highlight the Modi government's 10-year economic performance, but will hold back on e...
India's PM Narendra Modi likely to lay out modest economic manifesto in pre-election budget
India's PM Narendra Modi likely to lay out modest economic manifesto in pre-election budget
Source: Reuters
2024-02-01 08:36:51 am
India`s interim budget to reduce fiscal deficit in election year, focus still on capex The Indian government will target a lower deficit in the 2024-25 fiscal year despite lifting capital expenditure to an all-time high, according to a Reuters poll of economists who said infrastructure investment would be a priority. Being an election year, when the Bharatiya Janata Party (BJP) led by Prime Minister Narendra Modi is predicted to win a third-term, the budget is expected to strike a balance between populist measures and fiscal prudence. The government is aiming to narrow th...
India`s interim budget to reduce fiscal deficit in election year, focus still on capex
India`s interim budget to reduce fiscal deficit in election year, focus still on capex
Source: Reuters
2024-01-23 09:05:13 am
India`s interim budget to reduce fiscal deficit in election year, focus still on capex The Indian government will target a lower deficit in the 2024-25 fiscal year despite lifting capital expenditure to an all-time high, according to a Reuters poll of economists who said infrastructure investment would be a priority. Being an election year, when the Bharatiya Janata Party (BJP) led by Prime Minister Narendra Modi is predicted to win a third-term, the budget is expected to strike a balance between populist measures and fiscal prudence. The government is aiming to narrow th...
India`s interim budget to reduce fiscal deficit in election year, focus still on capex
India`s interim budget to reduce fiscal deficit in election year, focus still on capex
Source: Reuters
2024-01-20 09:07:31 am
India may earmark $48 billion for next year's food, fertiliser subsidies  India may earmark about 4 trillion rupees ($48 billion) for food and fertiliser subsidies for the next fiscal year, two government sources said, indicating fiscal caution ahead of this year's general election. Food and fertiliser subsidies account for about one-ninth of India's total budget spending of 45 trillion rupees during the current fiscal year that ends on March 31. The Ministry of Consumer Affairs, Food and Public Distribution has estimated next year's food su...
India may earmark $48 billion for next year's food, fertiliser subsidies
India may earmark $48 billion for next year's food, fertiliser subsidies
Source: Reuters
2024-01-17 11:59:43 am
India plans to lower budget gap by at least 50 bps, raise capital spending as much as 20% in FY25 India is planning to lower its budget deficit by at least 50 basis points in 2024/25 from this year's target of 5.9% of gross domestic product (GDP), while also looking to raise capital spending by as much as 20%, two government officials said. Shrinking the fiscal deficit and yet at the same time increasing capital spending will depend on an increase in revenues and efforts to curb subsidies, said Devendra Pant, an economist at India Ratings. Moves to cut welfare spending and subsi...
India plans to lower budget gap by at least 50 bps, raise capital spending as much as 20% in FY25
India plans to lower budget gap by at least 50 bps, raise capital spending as much as 20% in FY25
Source: Reuters
2024-01-11 11:50:51 am
FDI equity inflows in India drop 24% to $20.48 billion in April-September 2023: DPIIT The data from the Department for Promotion of Industry and Internal Trade (DPIIT) has showed that foreign direct investment (FDI) equity inflows in India declined 24 per cent to $20.48 billion in April-September 2023 (first six months of current financial year), dragged by lower inflows in computer hardware and software, telecom, auto and pharma. FDI equity inflows stood at $26.91 billion during the first six months of the last fiscal. Further, it showed that the total FDI - which includes...
FDI equity inflows in India drop 24% to $20.48 billion in April-September 2023: DPIIT
FDI equity inflows in India drop 24% to $20.48 billion in April-September 2023: DPIIT
Source: Accord Fintech
2023-11-22 10:45:15 am
India gets green light to join JPMorgan bond index; rupee, bonds gain JPMorgan will include India in its widely tracked emerging market debt index, setting the stage for billions of dollars of inflows into the world's fifth-largest economy and helping it finance its current account and fiscal deficits.India's local bonds will be included in the Government Bond Index-Emerging Markets (GBI-EM) index and the index suite, benchmarked by about $236 billion in global funds, JPMorgan said on Friday.The decision marks a key moment for India, one of the world's fastest ...
India gets green light to join JPMorgan bond index; rupee, bonds gain
India gets green light to join JPMorgan bond index; rupee, bonds gain
Source: Reuters
2023-09-22 02:38:59 pm