GDP for Budget Estimate (BE) 2017-2018 has been projected at Rs 1,68,47,455 crore assuming 11.75% growth over the Revised Estimates (RE) of 2016-2017 (Rs 1,50,75,429 crore).Fiscal deficit for 2017-18 is targeted at 3.2% of GDP and the Government remains committed to achieve 3% in the following year.In RE (2016-17), the total expenditure at Rs 20,14,407 crore is more than the BE (2016-17) by Rs 36,347 crore. Accordingly, the Fiscal Deficit target of 3.5% in 2016-2017 has been achieved without reduction in expenditure at the RE stage.Allocation for Capital expenditure has been stepped up by 25.4% over the previous year.Disclaimer: The views and investment recommendations expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
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