The Budget proposal for year 2020-21 projects total expenditure of Rs 30.4 lakh crore against receipt of Rs 22.4 lakh crore. This implies shortfall of Rs 8.0 lakh crore corresponding to 3.5% of projected GDP. For 2019-20, budget has been off the mark by a huge margin, with fiscal deficit estimated to be 3.8% of GDP […]
