Budget – Understanding Deficit Terminologies
The budget proposal projects a decline in fiscal deficit (FD) from 5.8% of GDP in FY24 to 5.1% in FY25 whereas revenue deficit is projected to decline from 2.8% to…
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The budget proposal projects a decline in fiscal deficit (FD) from 5.8% of GDP in FY24 to 5.1% in FY25 whereas revenue deficit is projected to decline from 2.8% to…
The ‘interim budget’ for the year 2024-25, presented by the finance minister Nirmala Sitaraman, did not make any populist announcement. The budget did not list out too many new proposals…
Inflation management remained the focus of global policy makers while the economic performance varied across nations. While US seems to have done well, UK, EU continue to remain under stress.…
India’s GDP is projected to grow by 6.7% during Q3’FY24 as per RBI’s state of the economy report published yesterday. However, its projection may be conservative as it had projected…
GDP (Gross Domestic Product) of Indian economy recorded growth of 7.6% during July-Sept’23 quarter (Q2’FY24) as per the data released by NSO (National Statistical Office) today. Growth rate for first…
The economic performance of different states does not get the desired attention even though there is significant disparity among them. The mass exodus during the pandemic was a testimony to…
The rupee has depreciated by about 9% against the dollar since the Fed started raising interest rate in March’22. Over last ten years, it has depreciated by over 30%. However,…
India’s persistent current account deficit (CAD) is financed by the flow on capital account which forms the other part of international balance of payment. Some of the major elements of…
India imported merchandise goods worth $721 bn against exports of $456 bn in FY23 leading to trade deficit of $265 bn. While India faces significant merchandise trade deficit, it generated…
India continues to record huge trade deficit with imports exceeding exports by a significant margin over last twenty years. Cumulative trade deficit for India stands at little less than $900…