Goldman Sachs expects India to stick to 5.1 pc fiscal deficit announced in interim Budget

New Delhi [India], July 8 (ANI): Investment banking company Goldman Sachs expects the central government to stick to the announced fiscal deficit target of 5.1 per cent of GDP for 2024-25 in the upcoming Budget to be tabled on July 23 and announce further consolidation to a deficit of below 4.5 per cent in 2025-26.

The difference between total revenue and total expenditure of the government is termed as fiscal deficit. It