1.

Data released by the Government of India stated that India's fiscal deficit stood at how much percent of gross domestic product (GDP) in February 2020?

Answer» Data released by the Government of India stated that India's fiscal deficit stood at 5.07% of gross domestic product (GDP) in February 2020. The report stated that the government might not meet its revised target of 3.8% of GDP due to the COVID-19 pandemic.The fiscal deficit target was increased to Rs.7.66 lakh crore (3.8%) of the GDP in July 2019 by invoking the escape clause under the Fiscal Responsibility and Budget Management Act (FRBM).


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