India's FY25 Fiscal Deficit Likely to Narrow to 4.7%-4.8% of GDP: Report

India is projected to record a fiscal deficit of 4.7%-4.8% of GDP in the fiscal year 2024-25, signaling progress toward fiscal consolidation. This anticipated reduction reflects the government's commitment to balancing economic growth with fiscal discipline, as it continues to invest in infrastructure and welfare initiatives. Analysts believe the narrowing deficit could bolster investor confidence and sustain India's growth momentum. Such a target aligns with the medium-term fiscal roadmap aimed at maintaining macroeconomic stability.

 

Source: Mint