What is the fiscal deficit of India in 2020?
What is the fiscal deficit of India in 2020?
9.3 per cent
The CGA said Centre’s total expenditure was Rs 12.76 lakh crore or 36.7 per cent of BE up to August 2021. The fiscal deficit for 2020-21 was 9.3 per cent of the Gross Domestic Product (GDP), better than 9.5 per cent projected in the revised estimates in the Budget in February.
What is fiscal deficit to GDP ratio?
India recorded a fiscal deficit of 9.3% of GDP in 2020-21, 0.2% lower than the revised estimate of 9.5% of GDP, according to the Controller General of Accounts (CGA).
What is India’s fiscal deficit 2021?
The fiscal deficit is likely to stay at the budget estimate (BE) of 6.8 per cent of gross domestic product (GDP) in 2021-22, according to a senior official, because tax collection, however robust, may not be able to narrow the gap. The fiscal deficit estimated by the Budget is Rs 15. 07 trillion.
What is fiscal deficit of Pakistan?
In 2020, Pakistan’s budget deficit amounted to around 8.04 percent of GDP.
What is fiscal deficit Upsc?
Fiscal Deficit = Total expenditure of the government (capital and revenue expenditure) – Total income of the government (Revenue receipts + recovery of loans + other receipts).
Will India’s GDP increase in 2021?
India’s GDP is expected to grow at 9.1 per cent in 2021-22 as economic recovery, post the second wave of the pandemic, seems to be holding ground, Ficci said on Thursday.
What is fiscal policy Drishti IAS?
Fiscal policy is the use of government revenue collection (mainly taxes but also non- tax revenues such as divestment, loans) and expenditure (spending) to influence the economy. Through the fiscal policy, the government of a country controls the flow of tax revenues and public expenditure to navigate the economy.
Is GDP calculated quarterly in India?
Timelines for India’s GDP (The financial year in India follows an April-to-March schedule.) The first figures released are quarterly estimates. As more and more accurate data sets become available, the calculated figures are revised to final numbers.
