Fiscal Deficit In the Union Budget for 2025-26, the government has set a fiscal deficit target of 4.4% of GDP for FY25-26, aligning with its goal of bringing the deficit below 4.5% by FY25-26. The revised fiscal deficit for FY24-25 stands at 4.8% of GDP, lower than the budgeted estimate of 4.9%. The details of […]

The RBI’s Monetary Policy Committee (MPC) conducted its monetary policy meeting from December 4-6, 2024. On the basis of an assessment of the evolving macroeconomic situation, the Monetary Policy Committee (MPC) made the following announcements: Keep the policy repo rate unchanged at 6.50% by a majority of 4 out of 6, consequently the standing deposit […]

The RBI’s Monetary Policy Committee (MPC) conducted its monetary policy meeting from October 7-9, 2024. On the basis of an assessment of the evolving macroeconomic situation, the Monetary Policy Committee (MPC) made the following announcements: Part A: RBI’s Policy decision Rationale: 1. Inflation CPI headline inflation softened significantly in July and August with favorable base […]

The RBI’s Monetary Policy Committee (MPC) conducted its monetary policy meeting from August 6-8, 2024. On the basis of an assessment of the evolving macroeconomic situation, the Monetary Policy Committee (MPC) made the following announcements: Part A: RBI’s Policy decision Rationale: 1. Inflation CPI headline inflation edged up in June after remaining steady during April […]

Fiscal Deficit In the Union Budget of 2024-25, the government has revised India’s fiscal deficit target downward to 4.9% of GDP for FY24-25 from the previously estimated 5.1% of GDP in the interim budget. Fiscal deficit for FY23-24 stood at 5.6% of GDP, much lower than the FY23-24 budgeted estimates of 5.9% of GDP. In […]

The RBI’s Monetary Policy Committee (MPC) conducted its monetary policy meeting from June 5-7, 2024. On the basis of an assessment of the evolving macroeconomic situation, the Monetary Policy Committee (MPC) made the following announcements: Part A: RBI’s Policy decision Rationale: 1. Inflation CPI headline inflation softened further during March-April, though persisting food inflation pressures […]

The RBI’s Monetary Policy Committee (MPC) conducted its monetary policy meeting from April 3-5, 2024. On the basis of an assessment of the evolving macroeconomic situation, the Monetary Policy Committee (MPC) made the following announcements: These decisions are in consonance with the objective of achieving the medium term target for consumer price index (CPI) inflation […]

The RBI’s Monetary Policy Committee (MPC) conducted its monetary policy meeting from February 6-8, 2024. On the basis of an assessment of the evolving macroeconomic situation, the Monetary Policy Committee (MPC) made the following announcements: These decisions are in consonance with the objective of achieving the medium term target for consumer price index (CPI) inflation […]

Finance Minister Nirmala Sitharaman presented the interim Union Budget for FY 2024-25 on February 1st, 2024. Here are some excerpts from the presentation: Fiscal Deficit In the Interim Union Budget of 2024-25, the government has revised India’s fiscal deficit target downwards to 5.8% of GDP for FY24 from the previously estimated 5.9% of GDP. It […]