India’s fiscal deficit for the first nine months of the financial year 2024-25 reached ₹9.14 lakh crore, accounting for 56.7% of the annual target. The deficit widened compared to the same period in the previous fiscal year due to increased government expenditure on infrastructure,
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The World Bank projects India's economy to expand by 6.7% annually in the next two fiscal years, highlighting strong domestic demand and infrastructure development as key growth drivers.
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Raghuram Rajan downplays concerns over the rupee's depreciation, attributing it to global dollar strength.
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RBI may reduce forex interventions to allow rupee depreciation, boosting export competitiveness.
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India’s fiscal deficit for the financial year 2024-25 is projected to be 4.75% of GDP, according to a report by India Ratings and Research (Ind-Ra). The report also anticipates capital expenditure to reach ₹62,000 crore as the government continues its focus on infrastructure development. Sustained Fiscal Discipline Amid Economic Challenges Despite global economic