Budget 2024 expectations: India to stick to prudent financial plan, survey shows

Quick Summary:

Budget 2024 expectations: The deficit target is seen slightly lower at 5% of gross domestic product for the current fiscal year, the Bloomberg survey of economists showed.

The government is expected to bring the deficit down to below 4.5% for the 2026 fiscal year, almost all of the economists said.

India looks set to swim against the current of emerging market officials loosening the purse strings, with debt sales by Prime Minister Narendra Modi’s new government seen in line with earlier projections.

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Article Details

Author / Journalist: Bloomberg

Category: EconomyBusiness

Markets: IndiaBrazilColombiaIndonesiaUnited States

Topics: Business news Union budget 2024 Nirmala sitharaman Modi government Fiscal deficit Budget 2024 Budget 2024 expectations

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-18 @ 13:45:37 (6 hours ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 936 words

Reading Time: 6 minutes read

Sentences: 33 lines

Sentence Length: 29 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Times of India

News ID: 21672094

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Official Website: timesofindia.indiatimes.com

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