How much more of an increase can we expect in the fiscal pipeline given that government expenditure has been the biggest driver of the economy?
The allocation of Rs 11.1 lakh crore is 3.4% of the GDP, indicating a historically high level of support. In the past three years, we saw increases of 30% and 35%, starting from a level of 1.5% of GDP. Having reached this level of over 3%, maintaining this level, adjusted for nominal GDP growth each year, would be a good target to support.
A rating agency has changed its outlook on India from ‘stable’ to ‘positive’. Has this revived some hopes of a rating upgrade?
Denne historien er fra August 2024-utgaven av Outlook Business.
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Denne historien er fra August 2024-utgaven av Outlook Business.
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