Nomura Raises Concerns Over India’s 5.9% Fiscal Deficit Target for FY24

  • Report identifies risks like nominal GDP growth shortfall, lower tax buoyancy, and constrained revenue expenditure.
  • RBI’s Rs 87,416 crore dividend payment may be offset by fertiliser subsidy slippage.
  • Higher dividend payments attributed to profits from forex sales and higher interest income.

[Via]

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