India’s fiscal deficit for April-August 2024 stood at ₹4.35 trillion, representing 27% of the full-year target. This figure is significantly lower than the corresponding period in 2023, when the fiscal deficit had reached ₹6.43 trillion, or 36% of the annual target. The reduction is attributed to higher tax receipts, a generous dividend payout from the Reserve Bank of India (RBI), and lower…
The Indian government is planning to update the base year for calculating its Gross Domestic Product (GDP) from 2011-12 to 2022-23. This decision is expected to align India’s economic indicators more accurately with the current economic realities, as significant structural changes have occurred over the past decade.
The Ministry of Statistics and Programme Implementation (MoSPI) is…
