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fiscal consolidation

Indian economy’s resilience and the road up ahead

Opinion

Indian economy’s resilience and the road up ahead

The fiscal deficit for FY24 is estimated at Rs17.95 lakh crore or 6% of GDP in FY24, thereby resulting in fiscal consolidation of 40 bps from the current fiscal - Dr Soumya Kanti Ghosh, Group Chief Economic Adviser at SBI

Industry

SBI pegs FY23 fiscal deficit at Rs17.5trn