
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.
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.
EY India has said FY24 could be a challenging year for the government with the likely fall in the nominal GDP, which will restrain the fiscal elbow room for the government.
The current account deficit (CAD) widened to $36.4 billion in Q2 FY23, from $18.2 billion in Q1 of the fiscal.
Modinomics is full of high debt, inflation, unemployment and inequality, says the Congress.
The world's biggest economy will go through a mild recession, says Andrew Sheets of Morgan Stanley.
Growth in India is projected to slow to 6.9% in FY23, says World Bank.
Nominal GDP in the current fiscal is estimated to grow at 15.4% this fiscal compared with 19.5% in the previous financial year.
Uncertainty tends to delay discretionary consumption expenditure and even private investments.
Leading private wealth managers discuss how different asset classes are likely to perform this year.
That the Indian economy will expand is a given, but the searching question is: How much? And whether Union Budget 2023 can help accelerate GDP growth.