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Modi govt has mostly failed in meeting fiscal targets set in Budgets

It seems the glide path given in budgets has been the govt's intention, but the actual conditions turned out to be quite different

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Narendra Modi | Budget 2023 | Union budgets

Indivjal Dhasmana  |  New Delhi 



PM Narendra Modi in Lok Sabha
PM Narendra Modi | PTI

The Modi government has never been able to meet the fiscal deficit targets it sets for the next two years in the nine budgets, except for 2016-17, given in the Budget for 2015-16. Even in this case, the original target given in the Budget for 2014-15 was three per cent of the gross domestic product (GDP), which was widened to 3.5 per cent in the next Budget and realised.

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First Published: Tue, January 24 2023. 09:45 IST

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