Page 15 - Latest Updates on Fiscal Deficit
Indian economy to grow 6.5% in FY24; CAD may widen further: Economic Survey
It added that India is third-largest economy in the world in PPP (purchasing power parity) terms and fifth largest in terms of exchange rate
 "Indian economy to grow 6.5% in FY24; CAD may widen further: Economic Survey")
From capex to taxation, four things to look out for in Union Budget 2023
This is the last full budget before the 2024 Lok Sabha elections, and will be tabled amidst a global slowdown and unprecedented geopolitical uncertainty
 "From capex to taxation, four things to look out for in Union Budget 2023")
Road map for India as an economic superpower
This Budget will also continue the weighty task of sustaining social welfare schemes
Budget 2023-24: Centre to target higher capex but lower fiscal deficit
Budget 2023-24: The Centre is expected to peg the fiscal deficit target for FY24 below 6 per cent, and the capex is likely to jump 20-30 per cent
 "Budget 2023-24: Centre to target higher capex but lower fiscal deficit")
Will Budget 2023-24 be populist or pragmatic? Brokerages weigh in
Budget to focus on rural India, capex, and manufacturing push, as well as prioritising macro stability
 "Will Budget 2023-24 be populist or pragmatic? Brokerages weigh in")
Budget 2023: FM may bring fiscal deficit target down to less than 6% of GDP
Fiscal deficit helps in assessing macroeconomic stability of a nation, which also impacts inflation
 "Budget 2023: FM may bring fiscal deficit target down to less than 6% of GDP")
Three points for the Budget
Of the many things to watch in the Budget, three things-growth, fiscal deficit and stance on trade-will receive special attention from analysts. Getting the tone right will be crucial
Fiscal deficit target for FY24 to be kept at 5.8-5.9% in Budget: Report
The fiscal deficit is expected to remain much larger than the 4-4.5 per cent of the GDP that was usual for decades
Best of BS Opinion: Deficient regulation, structural strength, and more
Here is the best of Business Standard's opinion pieces for today
 "Best of BS Opinion: Deficient regulation, structural strength, and more")
Building resilience for the long game
The Budget should focus on keeping the domestic house in order. If it manages to do so, then India could attract large capital inflows once the global shocks fade
Budget must focus on lowering fiscal deficit: EY India's Rajiv Memani
In an interview with Ruchika Chitravanshi, Rajiv Memani, Chairman and Managing Partner of EY India, said that there is a strong enabling environment for private sector investment
 "Budget must focus on lowering fiscal deficit: EY India's Rajiv Memani")
Prioritising stability over growth
The backdrop of the Budget augurs well for the government, but a closer look calls for a cautious approach
 "Prioritising stability over growth")
The bicycle theory of the 2023 Budget
Lowering the fiscal deficit to sustainable levels will be the biggest challenge for the government, but there are enough reasons for it to keep pedalling hard
 "The bicycle theory of the 2023 Budget")
Fiscal consolidation expected on the back of lower subsidy payments
The Central government's fiscal deficit is expected to narrow to 5.9 per cent of GDP in F2024 from 6.4 per cent in F2023, Morgan Stanley said in a report
 "Fiscal consolidation expected on the back of lower subsidy payments")
Analysts expect FM Sitharaman to trim FY24 fiscal deficit to 6% or lower
Finance Minister Nirmala Sitharaman will keep on the path of fiscal consolidation and opt for narrowing the FY24 fiscal deficit to as low as 5.8 per cent in the upcoming Budget, analysts said Tuesday
 "Analysts expect FM Sitharaman to trim FY24 fiscal deficit to 6% or lower")
SBI estimates India's FY23 fiscal deficit at Rs 17.5 trn, FY24 Rs 17.95 trn
Upcoming budget 2023 will be challenging for government to follow the roadmap for fiscal consolidation amidst a global environment of declining inflation, said top economist of State Bank of India
 "SBI estimates India's FY23 fiscal deficit at Rs 17.5 trn, FY24 Rs 17.95 trn")
Central govt's borrowings may touch Rs 14.8 trillion in FY24: Icra report
Nevertheless, as a proportion of GDP, fiscal deficit is expected to ease to 5.8 per cent from 6.4 per cent
 "Central govt's borrowings may touch Rs 14.8 trillion in FY24: Icra report")
Best of BS Opinion: Conservative budgeting, financialising economy & more
Here is the best of Business Standard's opinion pieces for today
 "Best of BS Opinion: Conservative budgeting, financialising economy & more")
Fiscal deficit in FY24 may be capped at 5.9%, says Goldman Sachs
The upcoming pre-election Budget will carry forward the trend of the increased capital expenditure seen in recent years
 "Fiscal deficit in FY24 may be capped at 5.9%, says Goldman Sachs")
Conservative budgeting
Fiscal space should be used carefully
 "Conservative budgeting")