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.

September 02, 2024
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