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.
