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 during FY21 against its earlier estimate of 9-9.5 %. The combined effect of lower revenues & higher expenditure is likely to push the fiscal deficit to 7.8% of GDP.

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Important takeaways for all competitive exams:

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

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