Household finances in distress — worsening
After household (net) financial savings dipped to 47-year low of 5.3% of GDP in FY23, household debt has risen sharply to 40% of GDP in Q3 of FY24
After household (net) financial savings dipped to 47-year low of 5.3% of GDP in FY23, household debt has risen sharply to 40% of GDP in Q3 of FY24
NDA government and Congress report cards on economy skip uncomfortable truths. Both are aimed at scoring points ahead of general elections.
The Indian economy continues to sustain the momentum achieved in the first half of 2023-24, going by high-frequency indicators, write RBI economists
Nirmala Sitharaman in an interview with OPEN Magazine's Rajeev Deshpande and PR Ramesh talks about welfare and growth
Fiscal deficit for the current financial year has been revised to 5.8% of GDP, in comparison with 5.9% earlier.
FM Sitharaman's Interim Budget 2024-25, as remarked by PM Modi, seems to carry "confidence of continuity'
FM Sitharaman says the fiscal deficit in 2024-25 is estimated to be 5.1% of GDP
As govt hopes to meet fiscal deficit target of 5.9% in 2023-24; experts call for striking balance between fiscal consolidation & incremental capex
Has been on a steady decline since the peak in Covid year
Gross tax revenue could be at the “highest ever” in the last 2 decades in FY24, says latest note by SBI Research