Bharat Express

FISCAL DEFICIT

Public sector undertakings (PSUs) will likely distribute an unprecedented Rs 1.3-1.4 lakh crore in dividends this fiscal year, benefiting both the government and retail investors.

As per a Crisil report, India’s economic expansion is becoming more balanced, with private consumption playing a larger role in GDP growth.

India’s fiscal deficit is on track to shrink steadily, bolstered by rising tax revenues, according to the World Bank’s latest report.

Gross direct tax collections, before refunds, rose by 19.94%, reaching Rs 20.64 lakh crore, up from Rs 17.21 lakh crore in the corresponding period of the previous year.

Despite a 15% YoY decline in H1 FY25 capex, capital expenditure in Q2 FY25 showed a 10.3% growth, which may support economic growth in the quarter

Presenting the interim Budget 2024-25, Sitharaman said tax receipts for 2024-25 projected is projected at Rs 26.02 lakh crore.

According to a report by the World Bank, India's GDP growth is predicted to moderate to 6.3% in FY24

The fiscal deficit amounted to ₹14.54 lakh crore during the first 11 months of FY23 as compared to ₹13.17 lakh crore during the same period the previous year.