Home > Practice > Current Affairs > August - 2024 > August 05, 2024
1. What was India's fiscal deficit as a percentage of the full-year estimate for Q1 FY25?
India's fiscal deficit for the first quarter of FY25 stood at 8.1% of the full-year estimate, a notable decrease from 25.3% during the same period the previous year. This reduction is due to increased tax collections and higher surplus payments from the RBI. The fiscal deficit amounted to Rs. 1.36 lakh crore by the end of June 2024, indicating effective fiscal management and robust revenue growth.