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India's fiscal deficit could narrow to 6.3% of GDP in 2022-23: Report
short by Subhangi Singh / on Wednesday, 19 January, 2022
India is on track to meet its fiscal deficit target for 2021-22 and will likely aim to narrow the gap to 6.3% of gross domestic product in 2022-23, according to SBI's research report. SBI's economist Soumya Kanti Ghosh expects about 8% growth in expenditure and 10.8% increase in receipts while estimating gross market borrowings at ₹12 lakh crore in 2022-23.
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