The centre's fiscal deficit narrowed to Rs 4.7 trillion in H1 FY2025, amid a healthy uptick in revenue receipts, a modest rise in revex and a contraction in capex
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The report highlights that the reduction in fiscal deficit is because of moderate growth in tax revenues and stable government spending
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The government is likely to temper down its borrowing compared to the amount pencilled in the interim budget estimates, depending on the magnitude of reduction in the fiscal deficit number
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Capital expenditure provides a bigger and higher quality bang for the buck via 3x higher multiplier and should continue to keep India in good stead vis a vis the rest of the world
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