CARE Ratings projects India’s combined fiscal deficit at 13% of GDP in FY21

While the Centre’s deficit is expected to touch Rs 17.8 lakh crore against the target of Rs 8 lakh crore, the states are likely to record a deficit of Rs 7.73 lakh crore over the budgeted Rs 6.35 lakh crore, the agency said in a report on Monday.

from Economy-News-Economic Times https://ift.tt/3jdsJyW