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Budget 2023: Keep the focus on capital expenditure growth in 2023-24 too

Signalling restoration of fiscal consolidation in the forthcoming budget would require a substantive reduction in the fiscal deficit to GDP ratio 

January 25, 2023 / 12:53 PM IST
Budget 2023: Keep the focus on capital expenditure growth in 2023-24 too

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As per NSO’s advance estimates, nominal GDP growth for 2022-23 is estimated at 15.4 percent. OnCentreng trends indicate that this may have to be adjusted downwards to about 11.5 percent in 2023-24, a fall of nearly 4 percentage points. This fall is due to the current global economic slowdown which continues to adversely impact India’s export growth, which is being transmitted to export-linked domestic sectors as well. Our Complete Budget Coverage: On the output side, in 2022-23, all sectors are estimated...

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