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India's fiscal deficit for FY25 projected at 4.8% of GDP, aided by strong tax collections.
CareEdge Ratings projects India's fiscal deficit for FY25 at 4.8% of GDP, slightly below the budgeted 4.9%, due to strong GST and income tax collections.
Despite reduced nominal GDP growth to 9.9%, real GDP growth is expected to remain at 6.5%.
The report also anticipates mixed export performance but notes services exports will grow robustly at 13%, aiding a manageable current account deficit of 0.9% of GDP.
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El déficit fiscal de la India para el año fiscal 25 se proyecta en el 4,8% del PIB, ayudado por fuertes recaudaciones de impuestos.