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Sanjiv Bajaj, the chairman and managing director of Bajaj Finserv and the current chairman of Confederation of Indian Industry said, "The government managed a tough balancing act of meeting the priorities of growth through capital spending while keeping a fiscal deficit under check. While at the same time very strong focus on inclusion to ...
A positive (+) number indicates that revenues exceeded expenditures (a budget surplus), while a negative (-) number indicates the reverse (a budget deficit). Normalizing the data, by dividing the budget balance by GDP, enables easy comparisons across countries and indicates whether a national government saves or borrows money.
India's current account shifted to a small deficit of $1.7 billion in the October-December quarter from a surplus of $15.1 billion in July-September, the country's central bank said on Wednesday.
In February, Prime Minister Narendra Modi's government set a fiscal deficit target of 6.4% of gross domestic output (GDP) for the year that started on April 1, compared with a deficit of 6.7% last ...
The first union budget of independent India was presented by R. K. Shanmukham Chetty on 26 November 1947. Total revenues stood at ₹171.15 crore, and the fiscal deficit was ₹24.59 crore. The total expenditure was estimated at ₹197.29 crore with Defence expenditure at ₹92.74 crore.
India's nominal growth projection and fiscal deficit target for 2020-21 will be challenging to achieve, a Moody's analyst said on Saturday, after the government presented the union budget to boost ...
India is the fourth-largest consumer of oil and net oil imports were nearly ₹ 8.2 trillion (US$95 billion) in 2014–15, [279] which had an adverse effect on the country's current account deficit. The petroleum industry in India mostly consists of public sector companies such as Oil and Natural Gas Corporation (ONGC), Hindustan Petroleum ...
The 2024 Interim-Union Budget of India [1] provides comprehensive information regarding the projected revenue and government spending for the fiscal year 2024–25, commencing on 1 April 2024 and concluding on 31st March 2025. [2] [3] [4]