Fiscal deficit refers to the gap between a government's total revenue and its total expenditure. It indicates the extent to which a government is borrowing to meet its spending needs. A high fiscal deficit can lead to increased public debt. It may also affect economic stability and growth. Policymakers often strive to manage it for sustainable development.
Even as the Centre pursues fiscal consolidation, the financial health of India’s States is emerging as a growing macroeconomic concern. Budget estimates for FY26 suggest that a significant...
The Indian rupee has recently plunged to a record low of 84.73 against the US dollar. This drop is attributed to several factors including disappointing macroeconomic data, foreign...
