India’s Fiscal Deficit Shrinks, Driven By Growing Tax Revenues, Reports The World Bank
India’s fiscal deficit is on track to shrink steadily, bolstered by rising tax revenues, according to the World Bank’s latest report.
India’s Net Direct Tax Collections Surge By 15.88% To Rs 16.90 Lakh Crore
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.
India’s Fiscal Deficit Hits 29.4% Of FY25 Target Amid Moderate Revenue Growth
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
Fiscal Deficit For FY25 Pegged At 5.1 Percent Of GDP Against 5.8 percent In Current Fiscal: FM Nirmala Sitharaman
Presenting the interim Budget 2024-25, Sitharaman said tax receipts for 2024-25 projected is projected at Rs 26.02 lakh crore.
World Bank Forecasts India’s GDP Growth to Slow Down to 6.3% in FY24
According to a report by the World Bank, India's GDP growth is predicted to moderate to 6.3% in FY24
Indian Govt’s Fiscal Deficit Reaches Rs. 14.5 Lakh Crore Until Feb
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.
