Centre may cut fiscal deficit target slightly in Budget after revenue boost

Quick Summary:

Modi returned to power only with the support of coalition partners, who have been seeking more money for their states.

A lower-than-expected deficit could give an extra fillip to India’s bond market, where benchmark yields are edging toward a two-year low.

India’s fiscal plans are coming under more scrutiny than before after its bonds were included in key global indexes last month.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Finance Ministry Indian government Prime Minister Narendra Modi Gross domestic product Budget 2024 GDP Fiscal deficit target Annual Budget

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-18 @ 17:50:51 (7 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 383 words

Reading Time: 3 minutes read

Sentences: 16 lines

Sentence Length: 24 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 21674300

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Coverage Areas: India

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