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India’s fiscal deficit target of 4.9%

Kumari Sonali

India’s fiscal deficit target of 4.9%:

Despite a downward revision in India’s GDP growth forecast for the fiscal year 2024-25, the government’s fiscal deficit target of 4.9% of GDP remains attainable. The National Statistics Office (NSO) has projected a nominal GDP growth of 9.7% for FY25, slightly below the earlier estimate of 10.5%.

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