PM Modi recently met with ministers to discuss the agenda for the first 100 days of his government, if it wins a third term, to keep the economy purring - Issue Date: Mar 31, 2024
India s Gross Domestic Product (GDP) is expected to moderate sequentially to 6.0% YoY in Q3 FY2024, according to credit rating agency ICRA. The moderation is attributed to the industrial and agricultural sectors, with a slowdown in government expenditure and an uneven monsoon impacting GDP growth. The contraction of 0.2% in total spending by the Indian Government and 25 states in the previous quarter may have dulled GDP growth.
A reality check reveals that Sitharaman has cut down on capex in the current financial year from Rs 10,00,961 crore (BE) to Rs 9,50,246 crore (RE) while she has spent more than the budget estimates under heads like defence and food and fertiliser subsidies
Budget News: India's finance ministry targets reducing the fiscal deficit to 4.5 percent by FY26. Analysts anticipate Sitharaman to uphold the government's focus o