India’s Fiscal Deficit FY24: Analysis, Targets, and Exam Insights
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…