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Economic growth data for July-Sept quarter to be out today
India GDP Q2 Data Live: The revenue expenditure, excluding subsidies, will be 0.12% of GDP, lower than the budget estimate, domestic rating agency India Ratings and Research said
The government will be able to register the fiscal deficit at 4.75% in FY25, 0.19% lower than the budget aim, by reigning in expenditure, domestic rating agency India Ratings and Research said.
The revenue expenditure, excluding subsidies, will be 0.12% of GDP, lower than the budget estimate, the rating agency added.
Its chief economist and head of public finance Devendra Kumar Pant said the government capital expenditure will come out to be ₹62,000 crore lower than the estimate of ₹11.11 lakh crore.
Pant was quick to add that the government capex will still be 10.6% higher than the year-ago period. The government was initially envisaging a 17.6% growth in the key number.
Even as there is a dip in the government capital expenditure projected, the capex to GDP in FY25 at 3.21% is estimated to be at a two-decade high, the agency said
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