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In July 2024, India's fiscal deficit reached ₹2.77 trillion, or 17.2% of the annual target.
As of July 2024, India's fiscal deficit reached ₹2.77 trillion, or 17.2% of the annual target.
The government aims to reduce the deficit from 5.1% to 4.9% for FY25, reflecting fiscal discipline amid robust GDP growth.
Enhanced tax revenues and a record RBI dividend have improved fiscal health, despite a 17.6% drop in capital expenditure.
The government plans to sustain spending on infrastructure and social programs without altering its borrowing strategy.
8 months ago
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