Welcome you to the Thirty Sixth edition of DevMantra Times for the month of February 2024. We look
forward to a Viksit Bharat under the dynamic leadership of our Prime Minister Shri Narendra Modi and
various bold initiatives of the Government. FDI is coined as First Developed India and Jai Shri Ram is echoing in every corner of the Country. With pride we present an update on regulatory
announcements and Interim Budget 2024.
Economic Updates Fiscal Deficit Target Of 4.5% Of Gdp By Fy26 A Challenge: Fitch
India’s government faces challenges in meeting its fiscal deficit target of 4.5% of GDP in FY26, according to global ratings agency Fitch. The agency predicts a 6.5% growth in the Indian economy in FY25, supported by 11% growth in government capex. The government has set a 5.1% fiscal deficit for FY25, down from 5.8% in FY24. Fitch expects the new government to maintain the fiscal path laid down in the interim budget.
Join us as we reflect on our past successes and look forward to a vibrant future filled with opportunities for growth and innovation. Don’t miss out—download the full newsletter here to access valuable insights and essential updates that will empower you in this dynamic regulatory landscape!
