Searched Tag: revenue deficit
March 8, 2024, 02:48 PM - 2 min read
Sunil Kumar Sinha, principal economist at India Ratings, noted, "This also means borrowings are primarily used for capex and the focus on capex has remained intact," highlighting a strategic utilization of borrowed funds towards capital expenditure. The budgets analyzed represent states that collectively account for 96.1 percent of India's GDP, indicating a comprehensive assessment of the nation's fiscal health.
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