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Capital outlay should support a higher pace of GDP expansion in FY22

The fiscal deficit of the government of India has increased sharply to 9.5 per cent of GDP in the Revised Estimates for FY21, relative to the budgeted target of 3.5 per cent

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Budget 2021 | Fiscal Deficit

Aditi Nayar  |  Mumbai 



ICRA, Aditi Nayar
Based on the FY21 RE, we assess that overall expenditure is set to more-than-double in Q4 FY21, Nayar said

The Union Budget for FY2022 has been presented as India and the world attempt to exit the clutches of the Covid-19 pandemic. Today's Budget speech was announcement-packed, prioritising health and infrastructure, and delivered to a large extent on the extraordinarily elevated expectations. Nevertheless, timely implementation of the myriad proposals holds the key for sustaining the incipient growth revival that in underway in H2 FY2021, and helping the economy attain a higher growth trajectory over the medium term.

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First Published: Mon, February 01 2021. 17:26 IST

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