India GDP growth forecast FY27 highlights slowdown to 6.5% as per ICRA report. Know reasons, fiscal deficit, and key exam insights for UPSC, SSC, and banking exams. India’s GDP Growth May Slow to 6.5% in FY27: ICRA Warns Introduction: Economic Growth Outlook for FY27 India’s economic growth trajectory is expected to witness moderation in the…
Fiscal deficit ratios revised 2026 after GDP base year update. Learn updated FY23‑FY25 figures, reasons for revision, and exam-relevant insights for UPSC, SSC, banking, and PCS. Government Revises Fiscal Deficit Ratios After GDP Base Year Update In a significant economic update that has implications for India’s fiscal health and policy metrics, the Government of India…
Economic Survey 2025: Key Insights and Takeaways for Aspirants Introduction to Economic Survey 2025 The Economic Survey 2025, presented by the Government of India, is a crucial document that highlights the economic performance of the country. Released annually before the Union Budget, this survey assesses the overall health of the economy, identifies key challenges, and…
Key Highlights from the Economic Survey 2023-24 Introduction to the Economic Survey 2023-24 The Economic Survey 2023-24, presented by the Ministry of Finance, offers a comprehensive review of the Indian economy’s performance over the past fiscal year. This document serves as a crucial indicator of the country’s economic health and provides insights into key economic…
India’s Fiscal Deficit for FY24: Government Data Analysis Fiscal Deficit Overview India’s fiscal deficit for FY24 improved to 5.6% of GDP, down from the Revised Estimates of 5.8%. This improvement was driven by higher-than-expected tax receipts. The fiscal deficit stood at Rs 16.54 trillion against the budgetary target of Rs 17.86 trillion, showcasing effective financial…
India’s Fiscal Update 2023-24: Deficit and Revenue Surge In the fiscal year 2023-24, India witnessed significant developments in its fiscal landscape, marked by a notable surge in both deficit and revenue. This fiscal update holds paramount importance for aspirants preparing for various government exams, including those aspiring for positions in teaching, police services, banking, railways,…
IMF Approves $337 Million Second Tranche Loan for Sri Lanka The International Monetary Fund (IMF) has given the green light for a second tranche loan of $337 million to Sri Lanka, marking a significant milestone in the country’s economic stabilization efforts. This move comes as part of the IMF’s Extended Fund Facility (EFF) arrangement, aimed…
India’s Fiscal Deficit Reaches 45% of FY24 Target in 7 Months India has recently encountered a notable fiscal development as the fiscal deficit reached 45% of the target set for the fiscal year 2023-24 within just seven months. This revelation, disclosed by the Controller General of Accounts (CGA), has sparked discussions and concerns within financial…
India’s Fiscal Deficit Reaches 36% of FY Target in August India, like many nations, grapples with the challenge of managing its fiscal health while striving for economic growth and development. In the pursuit of striking a balance, the country closely monitors its fiscal deficit, a key economic indicator reflecting the gap between government spending and…
India’s August GST Collection Surges to ₹1.59 Trillion The Goods and Services Tax (GST) regime has been a crucial aspect of India’s fiscal landscape since its implementation in 2017. In the latest developments, India has witnessed a remarkable surge in its GST collections for the month of August, reaching an impressive ₹1.59 trillion. This news…
