Number Theory: What does the Economic Survey tell us about the Budget?
1 year, 11 months ago

Number Theory: What does the Economic Survey tell us about the Budget?

Hindustan Times  

What does the 2022-23 Economic Survey -- it was tabled in Parliament on January 31 -- tell us about the Union Budget? UNION BUDGET 2023: FULL COVERAGE The moderation in nominal growth is more because of a decline in inflation rather than a fall in real GDP growth, which as per survey’s baseline projection is likely to be 6.5% next year. The government will likely achieve its fiscal deficit target for 2022-23 and consolidate further in FY24 Last year’s Budget estimated fiscal deficit for 2022-23 at 6.4% of GDP. While the Revised Estimate for fiscal deficit will presented in tomorrow’s budget the survey does drop a hint that the government will be able to achieve its fiscal deficit target for 2022-23. The Revised Estimate for fiscal deficit will presented in tomorrow’s budget the survey does drop a hint that the government will be able to achieve its fiscal deficit target for 2022-23.

India Growth Budget Economic Disinvestment Survey Number Likely Gdp Deficit Fiscal Fiscal Deficit Real Gdp Growth Nominal Nominal Growth  theory  survey  202223  tell  nominal  economic  number  deficit  likely  growth  fiscal  disinvestment  does  gdp  budget

History of this topic

Budget 2025: What is Economic Survey, when it's released, and why it matters
1 day, 8 hours ago

Budget 2025: What is Economic Survey, when it's released, and why it matters

India Today  

As the Union Budget 2025 approaches, the Economic Survey takes centre stage in shaping the country’s financial outlook. Scheduled for presentation on January 31, a day before the budget, the Economic Survey provides essential insights into India’s economic health and sets the stage for the government’s fiscal plans. The survey is divided into two main sections: Part A reviews the …

GDP slowdown? First estimate is not the last word: What past data shows
1 day, 10 hours ago

GDP slowdown? First estimate is not the last word: What past data shows

Live Mint  

The Indian economy is expected to grow at a sharply slower rate of 6.4% in 2024-25, according to the first advance estimates released by the statistics ministry on Tuesday. The full-year GDP growth projection is calculated three months before the fiscal year ends, with the statistics ministry extrapolating data based on economic trends observed during the first six to nine …

Why the 6.4% GDP growth estimate for FY25 should worry Modi govt
Top News
1 day, 21 hours ago

Why the 6.4% GDP growth estimate for FY25 should worry Modi govt

India Today  

The first advance estimates of GDP growth for FY25 have confirmed the worst fears of economists—that growth will fall much below the 7 per cent estimated by the Reserve Bank of India. India’s GDP growth for the second quarter was 5.4 per cent, down from 6.7 per cent in the first quarter and way below the 8.1 per cent in …

India’s real GDP expected to rise 6.4% in FY25
2 days, 10 hours ago

India’s real GDP expected to rise 6.4% in FY25

The Hindu  

India’s real Gross Domestic Product is expected to rise 6.4% in this financial year, slowing from 8.2% in 2023-24, the National Statistics Office said on Tuesday in its first advance estimates of GDP for 2024-25. The real Gross Value Added in the Indian economy is reckoned to rise 6.4% as well, relative to a 7.2% uptick in 2023-24, with Agriculture …

Ahead of Budget, govt pegs FY25 GDP growth at a tepid 6.4%—the slowest since the pandemic
2 days, 10 hours ago

Ahead of Budget, govt pegs FY25 GDP growth at a tepid 6.4%—the slowest since the pandemic

Live Mint  

New Delhi: The Indian economy’s express train may be slowing down, even while remaining the fastest-growing major economy in the world. India’s finance ministry recently said it expects the economy to grow at 6.5% in FY25, while the Reserve Bank of India estimated a 6.6% growth aided by rural consumption, government investment, and strong services exports. However, India’s gross domestic …

GDP growth slows to 6.4 per cent for 2024-25, down from 8.2 per cent in previous year: Govt Data
Top News
2 days, 11 hours ago

GDP growth slows to 6.4 per cent for 2024-25, down from 8.2 per cent in previous year: Govt Data

India TV News  

The Ministry of Statistics and Program Implementation announced on Tuesday that India's Gross Domestic Product will grow by 6.4 per cent in FY2024-25, a sharp decline from the 8.2 per cent growth recorded in FY24. "Real GDP has been estimated to grow by 6.4 per cent in FY 2024-25 as compared to the growth rate of 8.2 per cent in …

India's GDP growth may hit 4-year low of 6.4% in FY25, shows government data
2 days, 21 hours ago

India's GDP growth may hit 4-year low of 6.4% in FY25, shows government data

India Today  

India’s GDP growth is projected to slow sharply to 6.4% in FY25, down from 8.2% in FY24, according to the first advance estimates released by the National Statistics Office. "Real GDP has been estimated to grow by 6.4% in FY 2024-25 as compared to the growth rate of 8.2% in Provisional Estimate of GDP for FY 2023-24. Real GDP at …

India’s Economy Is Likely to Grow by 6.5 per Cent in the Current and the Next Financial Year
2 weeks, 1 day ago

India’s Economy Is Likely to Grow by 6.5 per Cent in the Current and the Next Financial Year

Deccan Chronicle  

New Delhi: India's economy is likely to grow by 6.5 per cent in the current and the next financial year, attributing lower than anticipated expansion in the September quarter to fall in private consumption expenditure and gross fixed capital formation. The economy continued to be negative even in October 2024 at 8.4 per cent, implying that in the first seven …

Economy rebounds in Q3 with boost from festivals and rural demand: RBI
2 weeks, 2 days ago

Economy rebounds in Q3 with boost from festivals and rural demand: RBI

India Today  

The Indian economy is recovering from the slowdown in momentum witnessed in the September quarter, driven by strong festival activity and a sustained upswing in rural demand, according to a Reserve Bank of India bulletin released on Tuesday. "High frequency indicators for the third quarter of 2024-25 indicate that the Indian economy is recovering from the slowdown in momentum witnessed …

India FY25 GDP: Fitch slashes India’s growth forecast to 6.4% from 7% for 2025-26
3 weeks, 6 days ago

India FY25 GDP: Fitch slashes India’s growth forecast to 6.4% from 7% for 2025-26

Live Mint  

India's growth forecast: US-based credit rating agency, Fitch Ratings on Friday revised India's GDP forecast to 6.4 per cent to 7 per cent for FY25. This cut comes after the Reserve Bank of India, in its recent monetary policy committee, revised India's growth forecast to 6.6 per cent from 7.2 per cent. In the July-September quarter of FY25, the Indian …

India’s GDP growth shocker: Bad news can be good too
1 month ago

India’s GDP growth shocker: Bad news can be good too

Live Mint  

India’s growth in gross domestic product of 5.4% in the three months ended 30 September, or the second quarter of 2024-25, was a shocker. It’s the lowest level seen since the third quarter of 2022-23 and a sharp drop from 8.1% growth in the same period last year and also from 6.7% in the first quarter of 2024-25. Given the …

Govt. Plans GDP Base Year Change to 2022–23 by 2026
1 month, 1 week ago

Govt. Plans GDP Base Year Change to 2022–23 by 2026

Deccan Chronicle  

New Delhi: The government is mulling a change in the base year for computation of the gross domestic product to 2022-23 in February 2026 to reflect an accurate picture of the economy. This comes at a time when the GDP growth for the second quarter showed an unimpressive growth Addressing an event here, ministry of Statistics and Programme Implementation secretary …

RBI’s GDP projections on test as India’s Q2 GDP growth falls short
1 month, 1 week ago

RBI’s GDP projections on test as India’s Q2 GDP growth falls short

Live Mint  

The Indian economy experienced a big jolt in the July-September quarter of 2024-25, with the real GDP growth rate slowing to 5.36%, the lowest in seven quarters, data released by the statistics ministry on Friday showed. A back-of-the-envelope calculation suggests GDP growth will have to average 8.3% in the second half of the year to align with the RBI’s full-year …

Experts see GDP growth below 6.5% in second quarter
1 month, 1 week ago

Experts see GDP growth below 6.5% in second quarter

New Indian Express  

NEW DELHI: Ahead of the release of official GDP numbers for the second quarter of FY25, economic analysts present varied estimates ranging from 6.2% to 6.9%. The outlook reflects contrasting indicators from various sectors of the economy, highlighting both structural challenges and potential growth drivers. ICRA has projected GDP growth to dip to 6.5% in Q2 from 6.7% in Q1FY25. …

India's GDP grows by 6.7 percent in Q1: Govt report
4 months, 1 week ago

India's GDP grows by 6.7 percent in Q1: Govt report

Hindustan Times  

India's gross domestic product slowed to a five-quarter low of 6.7 per cent in April-June this fiscal against 8.2 per cent in the year-ago period, mainly due to poor showing by the farm sector, according to government data. India's GDP grows by 6.7 percent in Q1: Govt report India remains the fastest-growing major economy, as China's GDP growth in the …

India's GDP growth moderates to 6.7% in Q1 2024-25, lowest growth in five consecutive quarters
4 months, 1 week ago

India's GDP growth moderates to 6.7% in Q1 2024-25, lowest growth in five consecutive quarters

Hindustan Times  

India's Gross Domestic Product moderated to 6.7% during the first quarter of the financial year 2024-25, compared to the 8.2% growth seen in the same quarter of the previous year, according to the data released by the Ministry of Statistics and Programme Implementation on Friday, August 30, 2024. India's GDP moderates to 6.7% in Q1 2024-25 {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} {{/userSubscribed}} …

Govt Estimates Centre's Debt To Rise To Rs 185 Lakh Cr In FY25
5 months, 1 week ago

Govt Estimates Centre's Debt To Rise To Rs 185 Lakh Cr In FY25

News 18  

The government estimates its debt, including external borrowing, valued at current exchange rate and public account and other liabilities will increase to Rs 185 lakh crore, or 56.8 per cent of the GDP, during the current fiscal year. The total debt stood at Rs 171.78 lakh crore, or 58.2 per cent of the gross domestic product, at the end of …

Union Budget 2024-25: Census, NPR unlikely in 2024 too as only ₹1,309.46 crore allocated
5 months, 2 weeks ago

Union Budget 2024-25: Census, NPR unlikely in 2024 too as only ₹1,309.46 crore allocated

The Hindu  

The Budget 2024-24 on July 23 allocated ₹1,309.46 crore for census, a significant reduction from 2021-22 when ₹3,768 crore was allocated for the decadal exercise, an indication that it may not be carried out even after a significant delay. According to the Budget 2024-25, ₹1,309.46 crore has been allocated for census surveys and statistics, and it was ₹578.29 in 2023-24. …

Eco Survey 2024: Amid high growth India’s future appears bright, but a ‘grand alliance’ to tame unemployment is required
5 months, 2 weeks ago

Eco Survey 2024: Amid high growth India’s future appears bright, but a ‘grand alliance’ to tame unemployment is required

Firstpost  

The survey has also been cautionary about the path of India towards a ‘Viksit Bharat’ in 2047, as it shows how India will face situations unlike what China faced when it was growing at high speed The Chief Economic Advisor to the Government of India prepares the Economic Survey that is presented a day ahead of Budget Day. Content Driven …

Union Budget 2024: Read Finance Minister Nirmala Sitharaman's full speech
5 months, 2 weeks ago

Union Budget 2024: Read Finance Minister Nirmala Sitharaman's full speech

India Today  

Union Finance Minister Nirmala Sitharaman presented the first budget of the Narendra Modi government’s third term on Tuesday in Parliament. Budget Priorities Productivity and resilience in Agriculture Employment & Skilling Inclusive Human Resource Development and Social Justice Manufacturing & Services Urban Development Energy Security Infrastructure Innovation, Research & Development and Next Generation Reforms Subsequent budgets will build on these, and …

Urging stability and pragmatism
5 months, 2 weeks ago

Urging stability and pragmatism

Hindustan Times  

The 2023-24 Economic Survey comes in a very different political backdrop for the current government. After all, the BJP couldn’t win a majority in the Lok Sabha on its own — despite the Indian economy continuing to be a rare sweet spot of high growth, moderate inflation and macroeconomic stability among major economies. It correctly flags the fact that the …

PM Narendra Modi hails Economic Survey: ‘Highlights prevailing strengths of Indian economy’
5 months, 2 weeks ago

PM Narendra Modi hails Economic Survey: ‘Highlights prevailing strengths of Indian economy’

Hindustan Times  

Prime Minister Narendra Modi on Monday hailed the Economic Survey 2023-24 tabled by Union finance minister Nirmala Sitharaman, saying that it highlights the prevailing strength of Indian economy. Prime Minister Narendra Modi said the Economic Survey identifies areas for further growth and progress “The Economic Survey highlights the prevailing strengths of our economy and also showcases the outcomes of the …

Economic Survey 2023-24: ‘Focus on macro stability ensured minimal impact from external challenges’
5 months, 2 weeks ago

Economic Survey 2023-24: ‘Focus on macro stability ensured minimal impact from external challenges’

The Hindu  

As per the latest Economic Survey tabled in Parliament on July 22, India’s focus on maintaining macroeconomic stability ensured external challenges had “minimal impact” on the economy. Read the full Economic Survey 2023-24 The survey goes on to state that growth prospects for the ongoing financial year “look good”, subject to geopolitical, financial market and climate risks. The outlook had …

Economic Survey 2023-24: Why does it matter? What are the key takeaways?
5 months, 2 weeks ago

Economic Survey 2023-24: Why does it matter? What are the key takeaways?

Firstpost  

The Economic Survey for the year 2023-24 was tabled in Parliament on Monday setting the tone for the presentation of the Union Budget on July 23 by Finance Minister Nirmala Sitharaman. File Image/Reuters Union Finance Minister Nirmala Sitharaman tabled the Economic Survey 2023-24 on Monday in Parliament, presenting a comprehensive analysis of India’s economic trajectory amid global challenges. Key Takeaways …

Economic Survey 2024 key highlights: FY25 growth forecast, inflation outlook and more
5 months, 2 weeks ago

Economic Survey 2024 key highlights: FY25 growth forecast, inflation outlook and more

India Today  

Finance Minister Nirmala Sitharman on Monday tabled the Economic Survey 2023-24, which highlighted that the Indian economy is “on a strong wicket and stable footing”. Here are some of the key takeaways from the Economic Survey 2023-24: Indian economy on 'strong wicket' The Economic Survey highlighted that the economy is growing strongly, demonstrating resilience despite challenges. Inflation under control, private …

Economic Survey out ahead of Budget: What it says on GDP, inflation and more
5 months, 2 weeks ago

Economic Survey out ahead of Budget: What it says on GDP, inflation and more

Hindustan Times  

Union Finance minister Nirmala Sitharaman tabled the Economic Survey 2023-2024 in the Lok Sabha. The growth estimated by the Economic Survey, ahead of the Union Budget, is in line with the International Monetary Fund’s estimate of 7 per cent. Follow LIVE updates on Economic Survey here The survey said, “The survey conservatively projects a real GDP growth of 6.5–7 per …

FM To Present Economic Survey Today, Here's How You Can Watch It Live
5 months, 2 weeks ago

FM To Present Economic Survey Today, Here's How You Can Watch It Live

ABP News  

Economic Survey 2024: PM Narendra Modi-led government is all set to table its first full Union Budget for the 2024-25 fiscal year on July 23, 2024. Before the presentation, the Budget Session will begin on July 22, 2024 and the Finance Minister will table the Economic Survey 2023-24 in front of the Parliament. After the financial document is presented in …

India recovered, expanded in orderly fashion from pandemic: Economic Survey 2023-24
5 months, 2 weeks ago

India recovered, expanded in orderly fashion from pandemic: Economic Survey 2023-24

Deccan Chronicle  

The Indian economy has recovered and expanded in an orderly fashion post-pandemic and the real Gross Domestic Product in 2023-24 was 20 per cent higher than its level in pre-pandemic 2019-20, according to the Economic Survey 2023-24 tabled on Monday in the Parliament.This, as per the Survey document, is a feat that only a very few major economies had achieved. …

Economic Survey highlights need for private investments to boost talent, productivity: Experts
5 months, 2 weeks ago

Economic Survey highlights need for private investments to boost talent, productivity: Experts

New Indian Express  

NEW DELHI: The pre-budget Economic Survey highlights the need for measures to boost talent and productivity through private sector investment, experts said on Monday. Rumki Majumdar, Economist, Deloitte India said the Survey has highlighted measures to boost talent and productivity through private sector investment in skills, physical and digital connectivity and building state capacity and capabilities. Aditi Nayar, Chief Economist …

Sitharaman to present Budget 2024: Understanding the Budget, its impact on India's economy
5 months, 2 weeks ago

Sitharaman to present Budget 2024: Understanding the Budget, its impact on India's economy

India TV News  

Finance Minister Nirmala Sitharaman will present the Union Budget 2024–25 on Tuesday, marking the first budget of Prime Minister Narendra Modi's third successive government. By adjusting tax policies and government spending, the budget can incentivize business investments, boost economic activity, and address public needs such as education and healthcare. The presentation of the Union Budget 2024–25 will be a critical …

Indian economy's outlook bright, FY25 growth expected at 6.5-7%: Economic Survey
5 months, 2 weeks ago

Indian economy's outlook bright, FY25 growth expected at 6.5-7%: Economic Survey

India Today  

The Economic Survey 2023-24 that was released by the Ministry of Finance on Monday projected a real GDP growth of 6.5-7% for the financial year 2024-25. "The Survey conservatively projects a real GDP growth of 6.5–7 per cent, with risks evenly balanced, cognisant of the fact that the market expectations are on the higher side," said the Economic Survey 2023-24. …

Economic Survey 2024 Highlights: Food Inflation Is A Concern Amid Extreme Weather Conditions
5 months, 2 weeks ago

Economic Survey 2024 Highlights: Food Inflation Is A Concern Amid Extreme Weather Conditions

ABP News  

Budget 2024 Highlights: Hello and welcome to ABP Live's Budget 2024 LIVE blog. Union Minister Nirmala Sitharaman is scheduled to table the Union Budget for the 2024-25 fiscal year this week on July 23. This budget presentation will be the seventh consecutive Budget for the Finance Minister and the first complete budget for Prime Minister Narendra Modi’s third term in …

FICCI projects 7% GDP growth for India in 2024-25, expects repo rate to moderate by the end of fiscal year
5 months, 3 weeks ago

FICCI projects 7% GDP growth for India in 2024-25, expects repo rate to moderate by the end of fiscal year

Live Mint  

The latest round of FICCI’s Economic Outlook Survey projects an annual median GDP growth for 2024–25 at 7.0%, with estimates ranging from 6.6% to 7.5%. The median growth forecast for agriculture and allied activities is set at 3.7 percent for 2024-25, marking an improvement from the 1.4 percent growth seen in the previous fiscal year. Economists anticipate the industry and …

What drove GDP growth to 8.2 per cent in FY24?
7 months ago

What drove GDP growth to 8.2 per cent in FY24?

India Today  

India’s GDP growth figures for 2023-24, at 8.2 per cent, beat all estimates including the government’s own, boosted by higher tax collection and growth in sectors such as manufacturing, construction and services. Real GDP, the sum of all goods and services produced in the country and considered a major barometer for a country’s growth, is estimated to have touched Rs …

India's GDP Grows 8.2 Per Cent In FY24; Q4 Growth At 7.8 Per Cent
7 months, 1 week ago

India's GDP Grows 8.2 Per Cent In FY24; Q4 Growth At 7.8 Per Cent

ABP News  

India GDP Data: India’s Gross Domestic Product growth rate in the quarter ending March 31, 2024 grew by 7.8 per cent, while the the annual growth rate is recored at 8.2 per cent, according to the data released by the National Statistical Office of Ministry of Statistics and Programme Implementation, on Friday. India's GDP growth rate for the third quarter …

India's economy grows 7.8 per cent in March quarter, annual growth rate hits 8.2 per cent
7 months, 1 week ago

India's economy grows 7.8 per cent in March quarter, annual growth rate hits 8.2 per cent

India TV News  

India's Gross Domestic Product demonstrated robust growth in the January–March 2024 quarter, exceeding analysts' expectations, as per the latest official data released on Friday, May 31. For the full financial year 2023–24, India's GDP growth rate stood at an impressive 8.2 percent, up from 7 percent in FY23, according to an official statement. Analysts had anticipated slower GDP growth for …

UNCTAD sees India’s GDP growth slip to 6.5% in 2024 vs 6.7% in 2023: ‘RBI likely to keep interest rates constant’
8 months, 3 weeks ago

UNCTAD sees India’s GDP growth slip to 6.5% in 2024 vs 6.7% in 2023: ‘RBI likely to keep interest rates constant’

Live Mint  

The United Nations Trade and Development projected that Indian economy's growth momentum will most likely decelerate in 2024 to 6.5% against the 6.7% growth recorded in the previous year. The report states, “The expansion in 2023 was driven by strong public investment outlays as well as the vitality of the services sector, which benefitted from robust local demand for consumer …

ADB raises India's GDP growth forecast for FY25 to 7%
8 months, 4 weeks ago

ADB raises India's GDP growth forecast for FY25 to 7%

Hindustan Times  

The Asian Development Bank raised India's GDP growth forecast for the current fiscal to 7 per cent from 6.7 per cent earlier. The ADB said that strong investment drove GDP growth in the 2022-23 fiscal as consumption was muted. On balance, growth is forecast to slow to seven per cent in FY2024 but improve to 7.2 per cent in FY2025.” …

Latest GDP numbers mystifying, they don't add up: Arvind Subramanian
9 months, 3 weeks ago

Latest GDP numbers mystifying, they don't add up: Arvind Subramanian

India Today  

Former chief economic adviser Arvind Subramanian on Friday said the government's GDP numbers don't add up and were "mystifying". Speaking at the 21st edition of the India Today Conclave 2024 in New Delhi, Arvind Subramanian said, "I can't understand the latest GDP numbers, they are mystifying, and don't add up. As per the latest GDP numbers, the Indian economy grew …

India’s Q3 GDP bucks all estimates at 8.4% growth
10 months, 1 week ago

India’s Q3 GDP bucks all estimates at 8.4% growth

Hindustan Times  

The Indian economy continued to outperform, with GDP growth in the quarter ending December coming in at 8.4%, beating analyst estimates by around 180 basis points or 1.8 percentage points, and the government now expects the economy to grow by 7.6% in 2023-24, up from the 7.3% projected in January. Given the fact that GDP numbers for 2021-22 and 2022-23 …

GDP growth at 8.4 per cent in Dec quarter, PM Narendra Modi hails ‘strength, potential of Indian economy’
10 months, 1 week ago

GDP growth at 8.4 per cent in Dec quarter, PM Narendra Modi hails ‘strength, potential of Indian economy’

Hindustan Times  

Prime Minister Narendra Modi on Thursday took to social media platform X after government data showed that India's economy grew by 8.4 per cent in the December quarter. The growth rate of GDP during 2023-24 is estimated at 7.6 per cent compared to the growth rate of 7.0 per cent in 2022-23," the government statement added. The GDP at current …

India's GDP grew by 8.4 per cent in December quarter, surpassing expectations
10 months, 1 week ago

India's GDP grew by 8.4 per cent in December quarter, surpassing expectations

Hindustan Times  

Indian economy grew by 8.4 per cent in October-December 2023 against 4.3 per cent a year ago, government data showed on Thursday. India's GDP grows by 8.4 per cent in December quarter It had projected a growth of 7.3 per cent for the current fiscal in its first advance estimates released earlier in January 2024. Earlier in the day, the …

Decoding India’s economic realities: Comparing the state of the economy under the NDA and UPA governments
10 months, 4 weeks ago

Decoding India’s economic realities: Comparing the state of the economy under the NDA and UPA governments

The Hindu  

February 12, 2024 11:06 pm | Updated February 13, 2024 09:54 pm IST With the BJP-led government exuding over-confidence on the state of the economy, the interim Budget presented earlier this month has shifted focus to fiscal consolidation. Even then, the simple truth which is evident from the official data is that on average, real GDP growth was at least …

RBI pegs FY'25 GDP growth at 7% on improved consumption demand, private capex spends
11 months ago

RBI pegs FY'25 GDP growth at 7% on improved consumption demand, private capex spends

The Hindu  

The Reserve Bank of India on February 8 projected GDP growth for the next financial year at 7% on the back of improved household consumption and upturn in private capex cycle. In its Monetary Policy Statement, 2023-24, RBI Governor Shaktikanta Das said the recovery in rabi sowing, sustained profitability in manufacturing and underlying resilience of services should support economic activity …

Budget 2024: How economy fared better than estimated, what this means for FY25
11 months, 1 week ago

Budget 2024: How economy fared better than estimated, what this means for FY25

Firstpost  

India’s economy continues to remain a bright spot. Also read: Big takeaways from Budget: What Nirmala Sitharaman said on taxes, economy, fiscal deficit What were the revised estimates for FY 2023-24? The revised estimate of the fiscal deficit is 5.8 per cent of GDP, improving on the Budget Estimate, notwithstanding moderation in the nominal growth estimates, Sitharaman said in her …

Union Budget fiscal deficit for 2024-25 at 5.1% compared to 5.8% in FY24
11 months, 1 week ago

Union Budget fiscal deficit for 2024-25 at 5.1% compared to 5.8% in FY24

The Hindu  

The revised fiscal deficit for financial year 2024-25 is estimated at 5.1 per cent of the GDP, down from 5.8 per cent for the current financial year 2024, Union Minister Nirmala Sitharaman announced in her interim Budget speech on Thursday. As per data released by the Controller General of Accounts on Wednesday, the Union government’s fiscal deficit touched ₹9.82 lakh …

Budget 2024: Nominal GDP growth seen at 10.50 per cent, FY24 fiscal deficit revised down to 5.80 per cent
11 months, 1 week ago

Budget 2024: Nominal GDP growth seen at 10.50 per cent, FY24 fiscal deficit revised down to 5.80 per cent

India TV News  

In the interim Budget presented by Finance Minister Nirmala Sitharaman, the Union government has assumed a nominal GDP growth of 10.50 per cent for the fiscal year 2024-25. The revised estimate of the fiscal deficit for FY24 is 5.8 per cent of GDP, improving on the budget estimate despite a moderation in nominal growth estimates. Union Finance Minister Nirmala Sitharaman …

Nirmala Sitharaman to present pre-election Budget: Here're key numbers to be watched
11 months, 1 week ago

Nirmala Sitharaman to present pre-election Budget: Here're key numbers to be watched

India TV News  

Budget 2024: Finance Minister Nirmala Sitharaman is set to present the interim Budget, highlighting the achievements of the Modi government over the past 10 years and providing insights into future plans to transform India into a developed nation by 2047. Here are the key numbers to watch for in pre-election Budget 2024-25: Fiscal Deficit: The projected fiscal deficit for the …

Indian economy likely to grow at 7% in FY25, says government
11 months, 1 week ago

Indian economy likely to grow at 7% in FY25, says government

India Today  

The Indian economy is poised for a growth rate of 7 per cent in the fiscal year 2024, with optimistic projections extending into FY25, according to a review of the Indian economy presented by the government. "The robustness seen in domestic demand, namely, private consumption and investment, traces its origin to the reforms and measures implemented by the government over …

Economy to grow by 7.3 per cent in current fiscal against 7.2 per cent in 2022-23, govt estimates
1 year ago

Economy to grow by 7.3 per cent in current fiscal against 7.2 per cent in 2022-23, govt estimates

India TV News  

The government on Friday estimated that the Indian economy will grow by 7.3 per cent in current fiscal against 7.2 per cent expansion in Financial Year 2022-23. Releasing the first advance estimates of National Income for 2023-24, the NSO said, "Real GDP or GDP at Constant Prices in the year 2023-24 is estimated to attain a level of Rs 171.79 …

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