INTERIM BUDGET 2024
Fiscal Deficit Fiscal deficit is the amount by which total expenses of the government exceeded its total earnings.Jefferies and Morgan Stanley estimate the FY25 fiscal deficit at 5.2 percent, while Nirmal Bang, BoB Capital Markets see it higher at 5.5 percent.
Nominal GDP Growth Elara has the highest estimate on the Street of 11.5 percent. "We estimate 11.5 percent nominal GDP growth and anticipate the government to commit to the fiscal consolidation glide path of achieving 4.5 percent fiscal deficit by FY26," Elara analysts noted.
Capex For market participants, all eyes are on the capex numbers. In FY24, the government had announced a major boost to capital investment outlay by 33 percent to Rs 10 lakh crore.