Indian Economy

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India’s fiscal deficit for the financial year 2024–25 was recorded at what percentage of GDP?

5.2%

4.8%

5.5%

6.1%

Explanation:

India has successfully achieved its revised fiscal deficit target of 4.8% of GDP for the financial year 2024–25, reflecting strong fiscal management and higher-than-expected non-tax revenue. This was largely aided by increased tax collections and a record dividend from the Reserve Bank of India. The fiscal deficit for FY2024–25 stood at Rs.15.77 lakh crore, aligning with 4.8% of the GDP as per the revised budget estimate.

By: Brijesh Kumar

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