The year FY21 saw a sharp rise in fiscal deficit to 9.3% of GDP as government borrowed heavily to finance Covid-19 relief measures. FY23 Budget will take the process of normalisation started in FY22 forward. The target is to bring fiscal deficit down to 4.5% of GDP by FY26. Capital expenditure as percentage of GDP, rising since FY12, is likely to be bumped up further as government goes all out to build infrastructure in order to stimulate the economy and provide jobs and relief to the common man.
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Macro
Budget 2022: Covid-hit fiscal deficit abating
Union Budget this year will take the process of normalisation started in FY22 forward, with the target to bring fiscal deficit down to 4.5% of GDP by FY26.
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Centre's CAPEX recovery stalled
Capital spending by the government was lower by 15.4 % in April-September 2024 after increasing by 43.1% in April-September 2023
Here's what lies ahead for CNG market as Mahanagar Gas hikes prices
Mahanagar Gas shares rose 4% in intraday trade on the NSE on Friday, after the city gas distributor announced a ₹2 per kg price hike for compressed natural gas in Mumbai and nearby areas.
Food inflation under Modi rule inching towards UPA-era highs
The annual food inflation rate in the month of October stood at 10.87%, jacking up the retail inflation rate to a fourteen-month high of 6.21%.
U.S. 'confident' of strong ties with India amid Adani indictment
The U.S. government has acknowledged the allegations against Gautam Adani, reaffirms confidence in navigating the issue with India without straining ties
More FromMacro
Centre's CAPEX recovery stalled
Capital spending by the government was lower by 15.4 % in April-September 2024 after increasing by 43.1% in April-September 2023
Here's what lies ahead for CNG market as Mahanagar Gas hikes prices
Mahanagar Gas shares rose 4% in intraday trade on the NSE on Friday, after the city gas distributor announced a ₹2 per kg price hike for compressed natural gas in Mumbai and nearby areas.
Food inflation under Modi rule inching towards UPA-era highs
The annual food inflation rate in the month of October stood at 10.87%, jacking up the retail inflation rate to a fourteen-month high of 6.21%.
U.S. 'confident' of strong ties with India amid Adani indictment
The U.S. government has acknowledged the allegations against Gautam Adani, reaffirms confidence in navigating the issue with India without straining ties