Categories: Economy

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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Care Ratings HQ: Mumbai; CEO:Ajay Mahajan.

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Sumit Arora

As a team lead and current affairs writer at Adda247, I am responsible for researching and producing engaging, informative content designed to assist candidates in preparing for national and state-level competitive government exams. I specialize in crafting insightful articles that keep aspirants updated on the latest trends and developments in current affairs. With a strong emphasis on educational excellence, my goal is to equip readers with the knowledge and confidence needed to excel in their exams. Through well-researched and thoughtfully written content, I strive to guide and support candidates on their journey to success.