Explainer: Decoding India’s latest fiscal deficit figures: Importance, significance of moderate data and more
In a major relief for policy makers, the government's fiscal deficit stood at Rs 4.68 lakh crore or 31.1% of the Budget Estimates (BE) at the end of August. Against this backdrop, Zee Business explains the meaning of fiscal deficit, how the government managed to contain the ballooning fiscal deficit and implications for the citizens.
Rise in revenue and low expenditure helped the government in restricting the fiscal deficit. Source: PTI