Govt set to meet fiscal deficit target for FY25 as capex lags: Economists

Q: How long will it take to read this news story?

The story "Govt set to meet fiscal deficit target for FY25 as capex lags: Economists" has 701 words across 25 sentences, which will take approximately 3 - 6 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "Govt set to meet fiscal deficit target for FY25 as capex lags: Economists" was covered 8 hours ago by Times of India, a news publisher based in India.

Q: How trustworthy is 'Times of India' news outlet?

Times of India is a fully independent (privately-owned) news outlet established in 1838 that covers mostly economy and business news. The outlet is headquartered in India and publishes an average of 28 news stories per day. It's most recent story was published 38 minutes ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #25385528</li><li>URL: https://beamstart.com/news/govt-set-to-meet-fiscal-17376814185243</li></ul>

Times of India 8h ago

Govt set to meet fiscal deficit target for FY25 as capex lags: Economists - Times of India

Quick Summary:

The government is expected to exceed its fiscal deficit consolidation target for FY25 due to slower-than-budgeted public capex in an election year, closing at 4.8% of GDP.

For FY26, the fiscal deficit is projected to achieve the target of below 4.5% of GDP, with substantial RBI dividends aiding the target, despite weak growth and expenditure cuts.

Gains from RBI's forex interventions and interest from repo lending are expected to bolster its profits."RBI's forex reserves peaked at $705 billion in mid-Sept when the rupee was 83.6 against the dollar.