JaneBhiDoYaaron
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- Jul 15, 2015
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First time it crossed 650. Now 700 next target.
Indian Economy: News, Updates and Discussions
- Thread starter CallSignMaverick
- Start date
India's forex reserves jump USD 4.3 bn to hit new all-time high of USD 655.8 bn
Mumbai, Jun 14 (PTI) India’s forex reserves jumped USD 4.307 billion to a new all-time high of USD 655.817 billion for the week ended June 7, the Reserve Bank of India (RBI) on Friday. The kitty had jumped USD 4.837 billion to USD 651.51 billion in the previous reporting week. The previous high...
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Tata Group in talks to buy majority stake in Chinese smartphone-maker Vivo's India unit: Report
The Indian government has been pushing for the inclusion of Indian companies in the manufacturing and distribution operations of foreign mobile-makers in the country
www.firstpost.com
India's FY24 CAD reduces to 0.7% of GDP from 2% in FY23, records surplus of 0.6% in Q4
economictimes.indiatimes.com
India's FY24 CAD reduces to 0.7% of GDP from 2% in FY23, records surplus of 0.6% in Q4
India's current account deficit improved significantly to 0.7% of GDP, or $23.2 billion in FY24, down from 2% of GDP, or $67 billion the previous year, attributed to a decrease in merchandise trade deficit, according to the Reserve Bank of India. The country's current account balance showed a...
India's forex reserves hit an all-time high of $657.16 bn
India's foreign exchange reserves reached a record high of $657.16 billion as of July 5, marking a significant increase of $5.16 billion from the previous week. This surge was driven by a rise in Foreign Currency Assets (FCAs), which grew by $42.29 billion to $577.11 billion. FCAs include...
Beijingwalker
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hembo
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India's fiscal deficit decreases significantly to 8% of annual target
Mudit Dube
Jul 31, 2024
05:23 pm
India's fiscal deficit, a crucial indicator of its financial health, has narrowed significantly in the first quarter of FY25.
The deficit, which represents the gap between government spending and revenue, stood at 8.1% of the full-year target for FY25. This marks a substantial decrease from the same period last year when it stood at 25.3%. The fiscal deficit for Q1 FY25 stood at ₹1.36 lakh crore.
Deficit control
RBI dividend and revenue receipts help contain deficit the fiscal deficit was calculated at 8.4% of a target of ₹16.13 lakh crore, based on interim Budget numbers for estimates released on July 23. A higher-than-expected RBI dividend of ₹2.11 lakh crore has played a significant role in containing the fiscal deficit. This was further aided by an increase in revenue receipts and subdued capital spending during this period.
Revenue growth
Revenue receipts and tax revenue see an increase revenue receipts for the first quarter were higher at ₹8.3 lakh crore or 26.5% of the full-year target based on new Budget numbers, compared with 22.4% in Q1 FY24. Tax revenue also saw an increase, reported at 21% of the full-year estimate, up from 18.6% in the previous year. However, capital expenditure (Capex) utilization was lower at 16.3% of Budget estimates compared with 27.8% in Q1 FY25.
Spending overview
Government spending and loan disbursement in Q1 FY25 Loans disbursed in the first quarter amounted to ₹30,009 crore, which is just 17.5% of the target compared with 27.2% in Q1 of the previous fiscal year. Overall, government spending accounted for 20% of its total expenditure of ₹48.2 lakh crore budgeted for the current fiscal year.
These figures provide an insight into the government's financial management during this period.
Deficit reduction
Government aims to further reduce fiscal deficit in its July 23 Budget announcement, the government further reduced its fiscal deficit target to 4.9% of GDP from the 5.1% target set in the interim Budget. Union Finance Minister Nirmala Sitharaman stated that the government aims to further reduce the fiscal deficit to 4.5% or below by FY26.
This indicates a continued focus on fiscal consolidation in the coming years.
Mudit Dube
Jul 31, 2024
05:23 pm
India's fiscal deficit, a crucial indicator of its financial health, has narrowed significantly in the first quarter of FY25.
The deficit, which represents the gap between government spending and revenue, stood at 8.1% of the full-year target for FY25. This marks a substantial decrease from the same period last year when it stood at 25.3%. The fiscal deficit for Q1 FY25 stood at ₹1.36 lakh crore.
Deficit control
RBI dividend and revenue receipts help contain deficit the fiscal deficit was calculated at 8.4% of a target of ₹16.13 lakh crore, based on interim Budget numbers for estimates released on July 23. A higher-than-expected RBI dividend of ₹2.11 lakh crore has played a significant role in containing the fiscal deficit. This was further aided by an increase in revenue receipts and subdued capital spending during this period.
Revenue growth
Revenue receipts and tax revenue see an increase revenue receipts for the first quarter were higher at ₹8.3 lakh crore or 26.5% of the full-year target based on new Budget numbers, compared with 22.4% in Q1 FY24. Tax revenue also saw an increase, reported at 21% of the full-year estimate, up from 18.6% in the previous year. However, capital expenditure (Capex) utilization was lower at 16.3% of Budget estimates compared with 27.8% in Q1 FY25.
Spending overview
Government spending and loan disbursement in Q1 FY25 Loans disbursed in the first quarter amounted to ₹30,009 crore, which is just 17.5% of the target compared with 27.2% in Q1 of the previous fiscal year. Overall, government spending accounted for 20% of its total expenditure of ₹48.2 lakh crore budgeted for the current fiscal year.
These figures provide an insight into the government's financial management during this period.
Deficit reduction
Government aims to further reduce fiscal deficit in its July 23 Budget announcement, the government further reduced its fiscal deficit target to 4.9% of GDP from the 5.1% target set in the interim Budget. Union Finance Minister Nirmala Sitharaman stated that the government aims to further reduce the fiscal deficit to 4.5% or below by FY26.
This indicates a continued focus on fiscal consolidation in the coming years.
Raj-Hindustani
Senior Member
- May 4, 2019
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Raj-Hindustani
Senior Member
- May 4, 2019
- 6,245
- 3,914
Still long.way to go but slowly atleast on track after wasting many decades
Last edited:
Raj-Hindustani
Senior Member
- May 4, 2019
- 6,245
- 3,914
This way - Pakistan is 5th most populated country in the world and should be on 5th place.
But in reality - it does not work that way.
As said - india not done well previously when we supposed to under Congress government
