Budget 2021: Numbers more credible, achievable than previous years, says India Ratings
At the core of the Budget is the nominal GDP growth of 14.4 per cent which looks plausible with 10 per cent real GDP growth, India Ratings Chief Economist Devendra Pant and Principal Economist Sunil Kumar Sinha said in a note
PTI | February 2, 2021 | Updated 10:06 IST
In 2020-21, Rs 54,522 crore of fiscal deficit was externally funded, mainly from multilateral agencies, and this is budgeted to decline to Rs 1,514 crore in FY22
India Ratings on Monday said the Budget numbers are more credible and achievable than in the past many years, and the government may even exceed the revenue targets if the current tax buoyancy level is maintained. The fiscal arithmetic in Budget 2021-22 is more convincing than earlier years. At the core of the Budget is the nominal GDP growth of 14.4 per cent which looks plausible with 10 per cent real GDP growth, India Ratings Chief Economist Devendra Pant and Principal Economist Sunil Kumar Sinha said in a note.