Govt on track to meet FY23 fiscal deficit target of 6.4%: India Ratings
The higher-than-budgeted nominal GDP would help in meeting the target for revenue and fiscal deficit at 3.8% and 6.4% of GDP, says India Ratings and Research.
The higher-than-budgeted nominal GDP would help in meeting the target for revenue and fiscal deficit at 3.8% and 6.4% of GDP, says India Ratings and Research.
After growing strongly for two years straight, real GDP growth to decelerate to 5.2% YoY in FY24, while nominal GDP to weaken sharply to 7-7.5%, says the broking firm.