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.

WARRIOR 4.0 | Banking Awareness Batch for SBI, RRB, RBI and IBPS Exams | Bilingual | Live Class

Important takeaways for all competitive exams:

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

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