EY report: India needs over 7% GDP growth and fiscal reforms to meet "Viksit Bharat" goals.

EY India's report suggests that India needs to achieve a sustained GDP growth of over 7% and strengthen its fiscal framework to meet its "Viksit Bharat" goal by 2048. Key strategies include increasing government spending and tax revenues, reforming fiscal transfers, and adjusting expenditure priorities. The report recommends raising government expenditure to 35% of GDP by 2048 and reducing the fiscal deficit to 6% by 2031.

December 02, 2024
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