'The finance ministry's decision to accept the deficit target of 4.5 per cent in 2025-2026 appears to have emanated from its endorsement of the Finance Commission's view that the Indian economy......
There are various estimates of India’s debt to GDP ratio, but the consensus is that that it would be over 80 per cent at the end of the current fiscal year. Illustration: Uttam......
'But can it afford to present a scenario within the existing legal framework of fiscal consolidation?', asks A K Bhattacharya. Illustration: Dominic Xavier/Rediff.com Taxation and spending......
If the government cuts wasteful expenditure as it is trying now, the deficit would at most fall to 8 per cent, not less than that. Illustration: Dominic Xavier/Rediff.com It is now certain that......
The fiscal deficit target for 2020-2021 was originally set at 3.5 per cent of GDP. But the government's revenues have collapsed and its expenditure burden will only increase over the Budget......