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India to see challenges in meeting fiscal glide path, says Fitch analyst

Business Standard LogoBusiness Standard1 mo ago

India to see challenges in meeting fiscal glide path, says Fitch analyst - Business Standard

Quick Summary:

The government is targeting a budget deficit of 5.9% of GDP for 2023/24, while the deficit was 6.

Union Budget 2023: Govt allocates Rs 1.

The government's budget gap, which hit a high of 9.5% of GDP in 2020/21 as the spread of COVID-19 infections brought the economy to a halt, has narrowed since but remains well above the medium-term goal of 4.5% of GDP by 2025/26.


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Article Details

Author / Journalist: Reuters

Category: BusinessFinance

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2023-02-01 @ 18:21:00 (1 months ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 317 words

Reading Time: 2 minutes read

Sentences: 11 lines

Sentence Length: 29 words per sentence (average)

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

Copyright Owner: © Business Standard

News ID: 5047840

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About Business Standard

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Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 167 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 5 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #49

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  • URL: https://beamstart.com/news/india-to-see-challenges-in-16752569505115

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