The fiscal deficit of the government is expected to drop to 4.5 per cent of GDP or lower by the financial year 2026, the Economic survey outlined which was tabled in parliament on Monday.
Congress MP Manish Tewari on Monday gave an adjournment motion notice in the Lok Sabha demanding a discussion on border clashes between India and China and India's trade deficit with China.
India's exports in the first quarter of 2024-25 (April-June) crossed the USD 200 billion mark and the government is optimistic about reaching the full-year target of USD 800 billion.
In June 2024, the trade deficit stood at USD 8.00 billion, up from USD 7.00 billion in June 2023. This USD 1 billion increase highlights a growing gap between the country's imports and exports, raising concerns among economists and policymakers about the underlying economic dynamics.
Karnataka Deputy Chief Minister and Irrigation Minister D K Shivakumar today said that the water storage deficit in Cauvery basin reservoirs was at 28 per cent.
Talking to ANI during the official visit of Prime Minister Narendra Modi to Russia, Kostin said, "Our bank, our task is to help our the companies and the Indian companies who want to trade with Russia to promote business to promote economic relationship, and I think there's a lot we can do.
Investment banking company Goldman Sachs expects the central government to stick to the announced fiscal deficit target of 5.1 per cent of GDP for 2024-25 in the upcoming Budget to be tabled on July 23 and announce further consolidation to a deficit of below 4.5 per cent in 2025-26.
Congress general secretary Jairam Ramesh on Monday hit out at Prime Minister Narendra Modi over his visit to Russia asking a series of questions which included whether the PM would question Russian President Vladimir Putin about the unsustainable trade deficit between the two countries.
The government under Prime Minister Narendra Modi should focus on adherence to fiscal prudence and continue on the fiscal consolidation path, suggested SBI Research ahead of the much-awaited full Budget for 2024-25 to be tabled on July 23 - the first Budget under Modi 3.0.
At the Fort Worth Convention Center, Malvika, ranked 49th in the world in badminton, overcame a game deficit to defeat Scotland's two-time Commonwealth Games medallist Kirsty Gilmour.
This is a significant shift from the USD 8.7 billion deficit (1.0 per cent of GDP) reported in the third quarter, and a notable improvement compared to the USD 1.3 billion deficit (0.2 per cent of GDP) in the fourth quarter of the previous fiscal year.