New Delhi, 2 February (IANS). According to a report released on Sunday, in view of the increase in revenue expenditure of the state and central governments, government consumption growth is expected to improve in FY 2025, while private consumption growth is expected to increase with rural demand, reduction in inflation and favorable basis. are supposed to.
PWC’s ‘Budget 2025-26: Promotion of India’s inclusive growth’ report states that there will also be a strong increase in exports due to a strong increase in exports of services. This report provides detailed information about the main things of the budget, economic approach and major tax and regulatory proposals, which will shape India’s economic progress in the coming years.
According to the first advance estimates, India’s economic growth is expected to be 6.4 percent in FY 2025 as against 8.2 percent in FY 2024. The main reason for this is a decrease in urban consumption, high food inflation, slow growth in capital formation and global adversities.
However, the report states that India will remain the fastest growing country in the world in 2025 thanks to strong domestic markets, growing working age population and strong macroeconomic fundamentals.
The government estimates that it will improve its fiscal deficit target 4.9 percent and will keep it at 4.8 percent for FY 2025.
It has also placed a fiscal deficit of 4.4 percent for FY 26 in the budget, due to which its commitment to gain less than 4.5 percent losses by FY 26.
The Economic Survey has an estimated increase in range of 6.3 percent to 6.8 percent in FY 26.
“Inflation in FY 2026 is expected to be reduced by an average of 4.5 percent in FY 2026, which will help with the expectation of good crop and normal monsoon, with the expectation of good crops and normal monsoon prices.”
The report said that foreign portfolio investor (FPI) flow volatility in flow and crude oil prices due to a decrease in the prices of Indian crude oil import baskets due to reduction in exchange rates, which has been under pressure Needed
-IANS
PSK/CBT
