India's Fiscal Deficit for FY25 Likely to Be Lower at 4.75% of GDP

Last updated: 29 November 2024

India's fiscal deficit for the financial year 2024-25 is projected to be 4.75% of the gross domestic product (GDP), 19 basis points (bps) lower than the budget estimate of 4.9%, according to India Ratings and Research (Ind-Ra). The projection aligns with the central government's commitment to fiscal

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