Union Budget: Govt to tighten fiscal purse despite slowing economic growth, shows poll
- Posted on January 27, 2025
- By Business News Today
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Union Budget: Govt to tighten fiscal purse despite slowing economic growth, shows poll
The Indian government will adhere to its borrowing and spending targets despite a significant economic slowdown. An expected fiscal deficit of 4.5% of GDP and focus on the RBI to support growth highlight the plan. Economists foresee possible tax cuts to boost consumption, but government spending on agriculture and infrastructure remains crucial.