This could make it difficult for the government to meet its fiscal deficit target. Analysts, however, believe that though a lower nominal GDP growth may make the 5.9% fiscal target steeper, the government would most likely achieve it. DK Srivastava, chief policy advisor, EY India, also expects the Central government to meet its budgeted fiscal deficit target for FY24. Analysts, however, believe that though a lower nominal GDP growth may make the 5.9% fiscal target steeper, the government would most likely achieve it. We expect the GoI to meet its budgeted fiscal deficit target for FY24,” he added.

Source: Indian Express January 06, 2024 04:22 UTC