India Ratings and Research expects the country’s fiscal deficit in FY25 to be 4.75 per cent—19 basis points lower than what was aimed in the budget—on the back of reduced expenditure.
The revenue expenditure, excluding subsidies, will be 0.12 per cent of GDP, lower than the budget estimate.
The government capital expenditure (capex) will still be 10.6 per cent higher than the FY24 figure.
The revenue expenditure, excluding subsidies, will be 0.12 per cent of GDP, lower than the budget estimate.
The government capital expenditure (capex) will still be 10.6 per cent higher than the FY24 figure.
