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The IMF's baffling fiscal deficit forecast for India

The IMF projects no change in fiscal deficit in India in 2020-21

April 16, 2020 / 10:11 AM IST
The IMF's baffling fiscal deficit forecast for India

The IMF’s Fiscal Monitor, which came out on Wednesday, 15th April, has rather mystifying estimates of India’s fiscal deficit. In 2018-19, the general government overall balance, which is the fiscal balance of the centre as well as the states, was -6.3 percent of GDP, according to the IMF’s calculations. In 2019-20, thanks to the economic slowdown, the corporate tax cuts, the missing of disinvestment targets and now with the depredations of the coronavirus and the fiscal support measures announced, the...

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