The Budget proposal projects total expenditure of Rs 34.8 lakh crore against receipt of Rs 19.7 lakh crore during the year 2021-22 or FY22. This implies fiscal deficit of Rs 15.1 lakh crore or 6.8% of projected GDP. For the current year (2020-21, FY21), budget has been off the mark by a huge margin with fiscal […]
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