Gross Domestic Product

Finance Minister Nirmala Sitharaman Sets Fiscal Deficit Target at 4.9% of GDP for 2024-25

Union Finance Minister Nirmala Sitharaman presented the Union Budget for the fiscal year 2024-25 on Tuesday, announcing a fiscal deficit target of 4.9% of Gross Domestic Product (GDP). This marks a reduction from the 5.1% target set in the Interim Budget presented on February 1, 2024. In the previous fiscal...