RBI maintains accommodation withdrawal due to incomplete transmission, focusing on inflation targeting and transmission challenges. Gudwani notes RBI s cautious stance, emphasizing the impact of liquidity conditions on rate transmission pace.
The interim Budget proposals that will be presented on February 1 in the backdrop of the general elections scheduled in April/May 2024 are likely to have a hint of populism, believe analysts, but are unlikely to derail the government from its path of fiscal prudence.
A fiscal deficit of 5.3 percent of GDP in 2024-25 would mean a 60-basis-point reduction in the fiscal deficit from this year s Budget estimate, which economists widely expect the Nirmala Sitharaman-led finance ministry to meet.
Budget 2024: The Long Road To Fiscal Consolidation forbesindia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forbesindia.com Daily Mail and Mail on Sunday newspapers.