New Delhi, Sept. 11 -- India is likely to meet its fiscal deficit target of 4.4 per cent of GDP in FY26 despite anticipated revenue loss from the implementation of GST 2.0, according to a report by CareEdge Ratings.
The report noted that while the rationalisation of GST is expected to result in a revenue shortfall, the government's fiscal consolidation path remains achievable. CareEdge projected that the fiscal deficit for FY26 will be contained at the budgeted level of 4.4 per cent of GDP.
As per the report, the rationalisation of GST has been estimated to cause a net revenue shortfall of around 0.1 per cent of GDP for the current fiscal year.
However, the report highlighted that this shortfall is expected to be cushioned by the highe...
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