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If Economic growth Slips then India's fiscal deficit seen rising to 4.98%
India’s fiscal deficit calculations for FY25 might be impacted by a lower-than-expected economic growth forecast of 9.6%. Lower nominal GDP could result in a slight increase in the fiscal deficit ratio to 4.98%. However, higher-than-budgeted tax collections and reduced capital expenditures might help achieve a lower fiscal deficit of 4.65%.
India's FY25 fiscal deficit calculations could get impacted with the economy, in nominal terms, forecast to expand by 9.6% in FY25, lower than the 10.5% growth estimated in the budget, said economists.
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