Page 10 - Latest Updates on Fiscal Deficit
Budget proposals don't change our long-term preferences: Abhiram Eleswarapu
'Consensus forecasts call for a 16 per cent earnings compounded annual growth through FY25, with margin expansion baked in across most sectors', said Eleswarapu
 "Budget proposals don't change our long-term preferences: Abhiram Eleswarapu")
A growth-oriented Budget, says NSE MD & CEO Ashishkumar Chauhan
"The Budget would support growth and the Indian consumption story, and keep us in good stead, given headwinds in China and developed markets and until the rest of the world eases"
 "A growth-oriented Budget, says NSE MD & CEO Ashishkumar Chauhan")
Budget 2023: Many hits, few misses as Centre sticks to fiscal consolidation
The target of 5.9% is also likely to be met next year, finally bringing it down to below 4.5% of GDP in the financial year 2025-26
 "Budget 2023: Many hits, few misses as Centre sticks to fiscal consolidation")
Fiscally prudent, but electorally savvy
In 2022-23, the finance minister hopes to grow her net revenue receipts by 8 per cent even as her revenue expenditure would increase by a similar rate
Domestic cyclicals key gainers from the infra push in the Budget
Street is bearish on exporters while there is a mixed opinion on the consumption basket
 "Domestic cyclicals key gainers from the infra push in the Budget")
India to see challenges in meeting fiscal glide path, says Fitch analyst
The government is targeting a budget deficit of 5.9% of GDP for 2023/24, while the deficit was 6.4% in 2022/23, according to revised estimates
 "India to see challenges in meeting fiscal glide path, says Fitch analyst")
Union Budget 2023-24: Marching ahead on a sustainable growth path
The biggest push came for the infrastructure sector, with a more than expected - i.e. 33 per cent - hike in capex that should boost private investment and spur employment generation
 "Union Budget 2023-24: Marching ahead on a sustainable growth path")
Union Budget 2023 augments capex without sacrificing fiscal consolidation
The quality of the fiscal deficit is also set to improve in FY24, with capex accounting for a much larger share of the same vis-a-vis FY23
 "Union Budget 2023 augments capex without sacrificing fiscal consolidation")
Budget 2023 ticks all checkboxes; Adani group stocks played spoilsport
It is typical of markets to rally ahead of the budget proposals and see some profit taking once the measures are announced. This time, however, the Adani group stocks played spoilsport
 "Budget 2023 ticks all checkboxes; Adani group stocks played spoilsport")
Budget 2023 delivers on all counts; pushes hard on capex, growth
Budget 2023 has more or less maintained the ratio of size of the budget to GDP to around 15 per cent.
 "Budget 2023 delivers on all counts; pushes hard on capex, growth")
Budget 2023: FM sticks to fiscal road map, targets deficit of 5.9% in FY24
The fiscal deficit is the difference between the government's expenditure and revenues when the former is higher
 "Budget 2023: FM sticks to fiscal road map, targets deficit of 5.9% in FY24")
Budget likely to push spending to support growth, while lowering deficit
Although the government faces elections in key states this year and a national vote in 2024, the budget is unlikely to offer major relief to households due to fiscal constraints
India's April-Dec fiscal deficit touches 60% of full-year target: Govt data
Net tax receipts rose to Rs 15.56 trillion while total expenditure was Rs 28.18 trillion, the data showed
 "India's April-Dec fiscal deficit touches 60% of full-year target: Govt data")
Eco Survey is assuring; believes we have completely regained lost ground
The Economic Survey 2023-24 is assuring and it affirms that we have completely regained lost ground, says Madan Sabnavis
 "Eco Survey is assuring; believes we have completely regained lost ground")
Indian economy to grow 6.5% in FY24; CAD may widen further: Economic Survey
It added that India is third-largest economy in the world in PPP (purchasing power parity) terms and fifth largest in terms of exchange rate
 "Indian economy to grow 6.5% in FY24; CAD may widen further: Economic Survey")
From capex to taxation, four things to look out for in Union Budget 2023
This is the last full budget before the 2024 Lok Sabha elections, and will be tabled amidst a global slowdown and unprecedented geopolitical uncertainty
 "From capex to taxation, four things to look out for in Union Budget 2023")
Road map for India as an economic superpower
This Budget will also continue the weighty task of sustaining social welfare schemes
Budget 2023-24: Centre to target higher capex but lower fiscal deficit
Budget 2023-24: The Centre is expected to peg the fiscal deficit target for FY24 below 6 per cent, and the capex is likely to jump 20-30 per cent
 "Budget 2023-24: Centre to target higher capex but lower fiscal deficit")
Will Budget 2023-24 be populist or pragmatic? Brokerages weigh in
Budget to focus on rural India, capex, and manufacturing push, as well as prioritising macro stability
Budget 2023: FM may bring fiscal deficit target down to less than 6% of GDP
Fiscal deficit helps in assessing macroeconomic stability of a nation, which also impacts inflation
 "Budget 2023: FM may bring fiscal deficit target down to less than 6% of GDP")
