The post Covid-19 fiscal consolidation road map of the government estimates the fiscal deficit at 5.2 per cent of GDP in 2024-25 and 4.5 per cent of GDP by 2025-26 from the budgeted 5.9 per cent this year
The success of the proposed economic corridor depends on the relationship between Israel and Saudi Arabia improving, but with the conflict escalating between Tel Aviv and Gaza, the future of this flagship project is looking grim.
Being the world’s third-largest consumer of crude oil, India is particularly vulnerable to any price fluctuations in global oil prices. Experts tell Moneycontrol that India faces the risk of a further surge in oil prices if the ongoing conflict spreads beyond Gaza.
The federal government's decision to review the pension scheme for its employees must not come at the cost of prudent fiscal management, economists told Reuters on Tuesday.