Fri, January 17, 2025
Thu, January 16, 2025
[ Thu, Jan 16th ]: MSN
Opening Bell: 1.15.25
Wed, January 15, 2025
Tue, January 14, 2025
Mon, January 13, 2025
[ Mon, Jan 13th ]: CNET
Rocket Money Review 2025
[ Mon, Jan 13th ]: CFO
A CFO action plan for 2025
Sun, January 12, 2025
Sat, January 11, 2025
Fri, January 10, 2025
Thu, January 9, 2025
Wed, January 8, 2025

India to forecast stronger growth next year while sticking to fiscal deficit goals, sources say


  Copy link into your clipboard //business-finance.news-articles.net/content/202 .. ticking-to-fiscal-deficit-goals-sources-say.html
  Print publication without navigation Published in Business and Finance on by Reuters
          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source

  India plans to project higher economic growth for the next fiscal year, two government officials with direct knowledge of the matter said, adding that fiscal deficit goals are being met and kept.

The article from Reuters discusses India's economic outlook for the fiscal year 2024-25, where the government is expected to forecast a stronger growth rate while maintaining its fiscal deficit targets. India's Finance Minister Nirmala Sitharaman is set to present the interim budget on February 1, 2025, with expectations of a GDP growth projection around 6.5% for the next fiscal year, slightly higher than the current year's estimate. Despite global economic challenges, India aims to keep its fiscal deficit at 5.9% of GDP for the current year, with plans to reduce it to 5.3% in the upcoming fiscal year. This strategy reflects a balance between stimulating economic growth and adhering to fiscal consolidation, amidst pressures from high commodity prices and geopolitical tensions. The government's approach includes boosting capital expenditure to spur investment and job creation, while also focusing on infrastructure development and welfare programs.

Read the Full Reuters Article at:
[ https://www.reuters.com/world/india/india-forecast-stronger-growth-next-year-while-sticking-fiscal-deficit-goals-2025-01-14/ ]

Publication Contributing Sources