Game plan for fiscal balance: Bat like Dravid, not Pant

Quick Summary:

India maintains fiscal discipline despite challenges, with 2024-25 fiscal deficit target at 4.8% of GDP and a plan to reduce it to below 4.5% by 2025-26.

The government aims to achieve a debt-to-GDP ratio of 50% by 2031 with focus on balancing development with fiscal prudence, resilient policies, and necessary fiscal buffers.

In the revised estimate for 2024-25, govt has fixed its fiscal deficit target to 4.8% of GDP, marginally lower than the earlier estimate of 4.9%.

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Article Details

Author / Journalist: Team TOI

Category: EconomyBusiness

Markets: IndiaMaldives

Topics: Budget statement on fiscal policy Government debt to GDP ratio Fiscal balance Fiscal deficit target India fiscal policy

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-02 @ 06:44:18 (6 hours ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 564 words

Reading Time: 4 minutes read

Sentences: 18 lines

Sentence Length: 32 words per sentence (average)

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

Copyright Owner: © Times of India

News ID: 25703423

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About Times of India

Main Topics: EconomyBusiness

Official Website: timesofindia.indiatimes.com

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