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“INDIA’S FISCAL DEFICIT FOR FY24 LOWER THAN REVISED ESTIMATE”

Why in the news? India’s fiscal deficit for FY24 stood at 5.6% of GDP, lower than the revised estimate of 5.8%, due to better revenues and expenditure management. The government targets a fiscal deficit of 5.1% for FY25, aiming for further reduction below 4.5% by 2025-26, leveraging a potential dividend from the Reserve Bank of …

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