Policy continuity and stability, financial stability, fiscal prudence and efficiency, thrust on infrastructure, renewed focus on manufacturing, demographic dividend, innovation, continued focus on Ease of Doing Business and reforms, digitalisation are among factors that will push India's gro
Gujarat has made significant strides in improving its fiscal health, with a reduction in its debt-to-Gross State Domestic Product (GSDP) ratio by 4.5 per cent, the highest among the 21 largest states in India. The achievement was highlighted by Gujarat Chief Minister Bhupendra Patel
The government is expected to continue on its fiscal deficit reduction path, bringing it down to 4.4 per cent of GDP in FY26. A strategic focus on investment and spending reforms will help balance fiscal prudence with economic expansion.
Phillip Capital projects the fiscal deficit for FY26 to range between 4.5 per cent and 4.6 per cent of GDP, while FY25 is expected to close slightly higher at 4.6 per cent-4.7 per cent.
India is on the path of fiscal prudence as the government has spent around 52.5 per cent of the budget estimate (BE) of its deficit in the first seven months of FY25, says a report by the Union Bank of India.
The Uttarakhand government has showcased exemplary financial prudence, with mining revenues soaring to Rs 686 crores in just nine months - surpassing last year's total revenue of Rs 646 crore, according to officials.
EY India's economy watch suggest the government to implement strategies to enhance tax revenues and un-lock tax resources while maintaining fiscal prudence.
The central government is continuously moving on the path of fiscal prudence with the fiscal deficit of the government on July 24 declining to Rs 1.41 lakh crore as compared to Rs 1.54 lakh crore in the corresponding period last year, as per a report by Anand Rathi, a financial services comp
Prime Minister Narendra Modi called India's fiscal prudence during the pandemic, a role model for the world during his inaugural address of 'Journey Towards Viksit Bharat: A Post Union Budget 2024-25 Conference' organized by the Confederation of Indian Industry (CII) at Vigyan Bhawan in New
Union Minister for Railways, Information and Broadcasting, electronic & IT, Ashwini Vaishnaw, said on Tuesday that the economy is much more resilient today and is on a stronger footing than in the past. The economy today is a combination of welfare, fiscal prudence, capital investment, a
As the central government prepares for the upcoming budget on July 23rd, a research report by the State Bank of India (SBI) highlights crucial areas that need attention to drive sustainable economic growth and development.
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.