Fiscal Deficit

India’s Social Sector Funding Faces Massive Shortfall

A new report on India’s philanthropy sector by Bain & Company has thrown up two important observations: one, that the ‘Ultra High Networth Individuals’ are…

Amid Pandemic, Economy Did Shrink But Govt Spent Less Than Last Year

According to data released by the National Statistics Office (NSO), India's GDP has shrunk by 7.5% in the second quarter of July-September. Note the data is…

Centre’s Rs 20 Lakh Crore Package Failed To Give Momentum To Economy

The government’s total expenditure during April-July increased by only 11.3% — up from Rs 9.47 lakh crore in April-July last year to Rs 10.54 lakh…

With Fiscal Deficit Target Breached In 4 Months, How Will Modi Govt Manage Expenses?

Disastrous growth figures have put a stamp on the economic ruin. New figures show that within 4 months of the current financial year in April-July,…

Centre Fights An Uphill Battle As Income Dwindles And Expenses Rise

The Indian economy, which was already struggling before the pandemic hit, has got on to a worse road after the COVID-19 outbreak. Unemployment is high,…

India’s Fiscal Deficit Till May Crosses 58% of Annual Target 

The Coronavirus pandemic has deepened the already ongoing economic crisis. Implementing lockdown to prevent the spread of the Wuhan-originated virus infection had a huge impact…

Govt Employs Austerity Measures To Meet Fiscal Deficit

Due to paucity of resources, the central government has ordered several ministries and departments to spend a maximum 25% of the expected budget of the…

GDP Growth Falls To 4.5%, Worst In Over 6 Years

India’s gross domestic product (GDP) growth rate fell to 4.5 per cent in the July-September quarter (Q2) of this financial year, compared with 5 per…