CARE lowers Centre’s fiscal deficit projection to 7.8% of GDP

CARE Ratings has revised downwards its projection of the Centre’s fiscal deficit to 7.8 % of GDP throughout FY21 towards its earlier estimate of 9-9.5 %. The mixed impact of decrease revenues & larger expenditure is prone to push the fiscal deficit to 7.8% of GDP.

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Important takeaways for all aggressive exams:

  • Care Ratings HQ: Mumbai; CEO:Ajay Mahajan.

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