At the end of the FY21, the fiscal deficit is likely to touch Rs 18.48 lakh crore, or 9.5 per cent, of the gross domestic product (GDP). (File)Production across the eight core sectors of the economy grew by a marginal 0.1 per cent this January over the same period a year ago, according to data shared by the Ministry of Commerce and Industry on Friday. In December 2020, output across the core sectors had risen 0.2 per cent and, in November 2020, it had declined by 1.4 per cent, according to the ministry. Though production continued to decline in most core sectors in January, with cement and crude oil production being the most hit, electricity, steel and fertilizers recorded growth. At the end of the FY21, the fiscal deficit is likely to touch Rs 18.48 lakh crore, or 9.5 per cent, of the gross domestic product (GDP).

Source: Indian Express February 27, 2021 00:21 UTC