deficit

Mumbai, India recorded a current account surplus of US$5.7 billion in the March quarter, or 0.6 per cent of gross domestic product, the Reserve Bank said on Monday.In the year-ago period, the current account deficit stood at US$1.3 billion, or 0.2 percent of GDP, and in the previous quarter...

New Delhi, As talks progress to improve the existing free trade agreement (FTA) between India and Korea, the commerce department is collaborating with different ministries, including those of heavy industries, steel and chemicals, to prepare the list of offers said an official. .The...

ISLAMABAD: Pakistan's cash-strapped government has highlighted nearly a dozen key risks to next year's budget and medium-term outlook, including lower than projected economic growth, unexpected climate or natural disasters as well as the state's This includes the continued poor performance of...

New Delhi: India's merchandise exports rose 9.1 percent to US $ 38.13 billion in May, while trade deficit widened to a seven-month high of US $ 23.78 billion during the month, according to government data.Healthy growth in sectors such as engineering, electronics, pharmaceuticals, textiles and...

New Delhi, As the NDA is all set to form the government, Fitch Ratings on Thursday said coalition politics and a weak mandate could make it challenging to pass laws on ambitious reforms.“We believe major reforms in land and labor laws will remain on the agenda of the new government as it seeks...

New Delhi [India], India Ratings and Research (Ind-Ra) estimates India's current account balance (CAB) to reach a surplus of about US$6 billion (0.6 per cent of GDP) in Q4FY2024. 4QFY24).This is the first surplus since the first quarter of fiscal year 2022 (1QFY22), a significant turnaround...

New Delhi: The BJP-led National Democratic Alliance's (NDA) slim majority in the Lok Sabha could delay more far-reaching economic and fiscal reforms, hampering progress on fiscal consolidation, Moody's Ratings said on Wednesday.The NDA winning majority in the general elections will give...

MUMBAI: Strong growth and low fiscal deficit could lead to a sovereign rating upgrade for India, a German brokerage said on Monday.Deutsche Bank analysts said the government's commitment to reduce the fiscal deficit to 5.1 percent in FY2015 and 4.5 percent in FY206 "now looks more credible"...

ISLAMABAD [Pakistan], In recent years, Pakistan has seen a rapid increase in its debt stock, coupled with a worrying increase in debt payments, putting huge pressure on the national budget, a report published in Dow said. The government is grappling with an intractable problem. The high fiscal...

New Delhi [India] Riding on 8.2 per cent GDP growth along with a record dividend of Rs 2.1 lakh crore from the Reserve Bank of India, the government has the option to reduce the fiscal deficit target to 5.1 per cent in FY20. Government sources told ANI that the decision on reducing the fiscal...

New Delhi: Buoyed by higher GDP numbers and improving fiscal position, the government is likely to lower the fiscal deficit target for the current fiscal year to 5.1 per cent of GDP when the full budget for FY2025 is presented in July, sources said. Will go.The deficit numbers may improve due...

New Delhi: The central government's fiscal deficit stood at 5.6 per cent of GDP during 2023-24, better than the previous estimate of 5.8 per cent due to higher revenue receipts and lower expenditure, according to official data released on Friday.In real terms, the fiscal deficit – or the gap...

A lower fiscal deficit reflects stronger macroeconomic fundamentals as the government needs to borrow less which leaves more money in the banking system to lend to corporates and consumers to fuel growth.Small fiscal deficit also helps in keeping inflation under control.Fiscal deficit stood...

New Delhi: The government's fiscal deficit for 2023-24 stood at 5.63 per cent of GDP, slightly better than the 5.8 per cent estimated in the Union Budget, according to official data released on Friday.In real terms, the fiscal deficit, or the difference between expenditure and revenue, stood...

New Delhi: S&P Global Ratings on Friday said it will keep an eye on fiscal data for the next 1-2 years besides the pro-growth policies of the new government before deciding on India's sovereign rating upgrade.S&P, which earlier this week upgraded India's outlook to positive while maintaining...

New Delhi [India], After the RBI paid unexpectedly high dividend to the central government in the last financial year, it is now expected that the high dividend payout may continue in the current year as well Written by Soumya Kanti Ghosh By SBI Research In a report presented, Groupe Chi's...

New Delhi, Congress President Mallikarjun Kharge on Monday targeted the Modi government over the state of the economy, exports and 'Make in India' program besides the rising trade deficit and accused them of practicing fake nationalism by making China its biggest trade centre. Accused of...

"The higher-than-expected RBI dividend will help the government meet its 5.1 per cent GDP deficit target for the fiscal year ending March 2022 and be used to reduce the deficit beyond the current target," Fitch Ratings said. May go." In a report on Monday.The new government's budget is likely...

New Delhi [India], The all-time high dividend of Rs 2.11 lakh by the Reserve Bank of India will help the government maintain the fiscal deficit target at 5.1 per cent for the year 2024-25. Higher dividend by RB could push FDs below target, says Fitch Ratings "The Reserve Bank of India's (RBI)...

New Delhi: The record-high dividend transfer by the RBI to the government is equivalent to 0.6 per cent of GDP, and such a high level of dividend as a percentage of GDP is unlikely to be sustained, Fitch Ratings said on Monday.The board of India's central bank last week decided to transfer a...