India’s Fiscal Policy Roadmap: Government Revises Fiscal Deficit Target to 4.8% for FY 2024-25
New Delhi, February 2025: The Indian government has outlined its fiscal strategy for the upcoming years in its latest Fiscal Responsibility and Budget Management (FRBM) Policy Statement. The report, tabled in Parliament by Finance Minister Nirmala Sitharaman, revises the fiscal deficit target for FY 2024-25 to 4.8% of GDP, with a further reduction to 4.4% […]