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      Question

      What was India's fiscal deficit in FY 2023-24 as per

      Moody’s Analytics?
      A 4.5% of GDP Correct Answer Incorrect Answer
      B 4.9% of GDP Correct Answer Incorrect Answer
      C 5.0% of GDP Correct Answer Incorrect Answer
      D 5.6% of GDP Correct Answer Incorrect Answer
      E 6.0% of GDP Correct Answer Incorrect Answer

      Solution

      India’s fiscal deficit for FY 2023-24 was recorded at 5.6% of GDP. The government has projected a decline to 4.9% in 2024-25, aiming to bring it below 4.5% of GDP in the coming years under fiscal consolidation plans.

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