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Risks weigh on FY24 GDP forecast of 6.5%: Govt

The finance ministry on Tuesday said that downside risks to the official GDP growth forecast of 6.5% in 2023-24 dominate upside risks, given the hardening of oil prices, troubles in the global financial sector and subdued monsoon forecasts.…

FY23 deficit target met, capex marginally lower

The Centre is learnt to have met the fiscal deficit target (revised estimate) of 6.4% of the nominal gross domestic product (GDP) in 2022-23, as marginally higher net (post-devolution) tax receipts offset the impact of a slight downward…