Govt's decision to hike MSP for kharif crops is expected to impact GDP by 0.1-0.2% besides adding to inflationary pressures, says a DBS report.
Benchmarks reversed a two-session winning run to finish modestly lower today, reflecting losses across Asian peers ahead of imposition of additional US tariffs on Chinese exports.
UBS said the Centre should stay away from populist spending ahead of the 2019 general elections to adhere to fiscal deficit targets.
CAD at 2.5% of GDP won't be a worry as the govt has the required instruments to deal with any imbalance created due to foreign fund outflow, Economic Affairs Secretary Subhash Chandra Garg said.
Moody's Investors Service today said it expects India to stick to the estimated fiscal deficit of 3.3 per cent of GDP and even cut capital expenditure to offset any slippage from the budgeted target.
Rising inflation and high crude oil prices will weigh on the minds of the six Monetary Policy Committee (MPC) members at their three-day meeting beginning here tomorrow to decide the key policy rate.
The "hand of government" was the main driver behind the rise in January-March GDP growth to 7.7 percent, the fastest pace in seven quarters as exports and private consumption disappointed.
Hammond met his target for cutting the country’s budget deficit in the recently ended 2017/18 financial year, according to official data.
Argentina’s primary fiscal deficit of 14.7 billion pesos in March put the first-quarter primary deficit at just 0.3 percent of gross domestic product (GDP).
Making a case for doing away with inflation targeting by the RBI, EAC-PM member Surjit Bhalla today said it has made zero impact on prices.