Question: What is the current fiscal deficit percentage of India\'s GDP in 2023? (2023)
Options:
4.5%
5.0%
5.5%
6.0%
Correct Answer: 5.0%
Exam Year: 2023
Solution:
The fiscal deficit of India is estimated to be around 5.0% of GDP in 2023.
What is the current fiscal deficit percentage of India's GDP in 2023? (2023)
Practice Questions
Q1
What is the current fiscal deficit percentage of India's GDP in 2023? (2023)
4.5%
5.0%
5.5%
6.0%
Questions & Step-by-Step Solutions
What is the current fiscal deficit percentage of India's GDP in 2023? (2023)
Step 1: Understand what fiscal deficit means. It is the difference between the government's total expenditure and its total revenue, excluding borrowing.
Step 2: Know that GDP stands for Gross Domestic Product, which is the total value of all goods and services produced in a country.
Step 3: Find the estimated fiscal deficit percentage for India in 2023. This information is usually provided by government reports or financial institutions.
Step 4: In 2023, the fiscal deficit of India is estimated to be around 5.0% of its GDP.
No concepts available.
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