Over a decade, India's national debt has gone up nearly four times from ₹32.3 lakh crore to ₹115 lakh crore in FY22. Interest payment shot up from 2.2% of GDP to 3.1% of GDP at ₹8.13 lakh crore in FY22. FY23 is likely to see this go up to ₹9.4 lakh crore. The Comptroller and Auditor General of India has raised concern over increasing Central government debt.
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Budget 2023: Centre's Interest Payout On The Rise
Interest payment shot up from 2.2% of GDP to 3.1% of GDP at ₹8.13 lakh crore in FY22. FY23 is likely to see this go up to ₹9.4 lakh crore.
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The Big Picture: Capex Push, Fiscal Prudence
The Central government stuck to the fiscal consolidation roadmap while announcing one of the biggest hikes in capital expenditure and increase in social spending in Budget 2023.
The Pros and Cons of Compounding
A company compounding its topline growth can be an encouraging sign for an investor that his firm is on a growth trajectory, though that doesn’t necessarily mean it is achieving growth profitably.
Budget 2023: Expenditure on govt schemes grows 4%
The expenditure on government schemes are expected to increase by 4.3% to ₹19.4 lakh crore in next fiscal FY24.
Budget 2023: Defence capital outlay enhanced
The government has proposed a budgetary allocation of ₹5.94 lakh crore for the defence ministry.
Infographics
The Big Picture: Capex Push, Fiscal Prudence
The Central government stuck to the fiscal consolidation roadmap while announcing one of the biggest hikes in capital expenditure and increase in social spending in Budget 2023.
The Pros and Cons of Compounding
A company compounding its topline growth can be an encouraging sign for an investor that his firm is on a growth trajectory, though that doesn’t necessarily mean it is achieving growth profitably.
Budget 2023: Expenditure on govt schemes grows 4%
The expenditure on government schemes are expected to increase by 4.3% to ₹19.4 lakh crore in next fiscal FY24.
Budget 2023: Defence capital outlay enhanced
The government has proposed a budgetary allocation of ₹5.94 lakh crore for the defence ministry.
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