FY21 fiscal deficit seen at 7.6% of GDP
Motilal Oswal Financial Services estimates India’s fiscal deficit at ₹14.6 lakh crore in FY21, while GDP could contract by 6.5% against its earlier estimated decline of 4.7%.
Motilal Oswal Financial Services estimates India’s fiscal deficit at ₹14.6 lakh crore in FY21, while GDP could contract by 6.5% against its earlier estimated decline of 4.7%.
India Ratings maintains a ‘negative’ outlook on the NBFC sector for FY21 in view of slower balance sheet growth, elevated slippages, and low-profit visibility.