Union Budget: Govt to tighten fiscal purse despite slowing economic growth, shows poll

  • Posted on January 27, 2025
  • By Business News Today
  • 4 Views
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.
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