Experts said the expected miss in reaching the capital expenditure (capex) target set in the Budget Estimates (BE) is likely to make it easier for the government to manage the fiscal deficit at ₹16.13 trillion, or 4.9 per cent of GDP in FY25.
The capex target of ₹11.1 trillion for FY25 is likely to be missed by a margin of at least ₹1-1.5 trillion, according to experts.
The Budget had assumed nominal GDP growth of 10.5 per cent for FY25. According to NSO's latest projection, nominal GDP or GDP at current prices is estimated to reach a level of ₹324.11 trillion in FY25, compared to ₹295.36 trillion in 2023-24.
This story is from the January 08, 2025 edition of Business Standard.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the January 08, 2025 edition of Business Standard.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
JSW MG Calls For GST Cut On Plug-In Hybrids
JSW MG Motor has requested the Centre to reduce goods and services tax (GST) on plug-in hybrid cars, which is currently 28 per cent.
India's Economy in Structural Slowdown: UBS
UBS Group AG is recommending investors short India's rupee and go underweight on the country's stocks amid slowing economic growth, a trend that could worsen after Donald Trump takes over as US president.
DoT to get 687 MHz of unused spectrum
This is part of one-time re-farming of unused airwaves allocated to ministries
Goyal to travel to Brussels today for FTA talks with EU
Meeting may give 'political direction' to expedite negotiations
Rebel as a boy next door
At a time when there were no monitors to preview shots, directors would use viewfinders to determine the dimensions of the frame, the lens required for the camera and the angle from which to shoot.
INDIA'S EDTECH MKT MAY REACH $29 BN BY 2030
India's edtech market, which was valued at $7.5 billion in 2024, is projected to reach $29 billion by 2030, according to a latest report.
Goyal bats for reducing auto component imports
Commerce and Industry Minister Piyush Goyal on Friday asked the auto components industry to start manufacturing machines and reduce import dependency.
Mild-mannered, but no pushover
Ever since Shivraj Singh Chouhan left Bhopal for Delhi to become agriculture and rural development minister in the Narendra Modi 3.0 government, he's been feeling a bit lonely.
Maruti Aims to Become India's Largest EV Maker Within a Year
Company's new launch e-Vitara will be available with a range of more than 500 km
Regulator opposes plea filed by Kirloskar Oil Engines in SAT
The Securities and Exchange Board of India (Sebi) on Friday submitted to the Securities Appellate Tribunal (SAT) that its advisory to Kirloskar Oil Engines (KOEL) was administrative in nature and thus non-appealable.
