India's fiscal deficit for FY23 estimated at Rs 17.5 lakh crore, FY24 Rs 17.95 lakh crore: SBI

For India, this could make things difficult to set a nominal gross domestic product (GDP) number significantly higher than 10 per cent, with a deflator about 3.5 per cent. But this could also mean a higher GDP growth than anticipated at about 6.2 per cent, he said. He also said the fiscal deficit of the Indian government for FY23 will be about Rs.17.5 lakh crore.

India's fiscal deficit for FY23 estimated at Rs 17.5 lakh crore, FY24 Rs 17.95 lakh crore: SBI
For India, this could make things difficult to set a nominal gross domestic product (GDP) number significantly higher than 10 per cent, with a deflator about 3.5 per cent. But this could also mean a higher GDP growth than anticipated at about 6.2 per cent, he said. He also said the fiscal deficit of the Indian government for FY23 will be about Rs.17.5 lakh crore.