Budget highlights on Economic Outlook (11/15)

 Economic growth pegged at 7.2-7.5% for H2 FY18.

 India’s average growth in first 3-year of NDA govt 7.5%.

Indian economy size USD 2.5 trillion, 7th largest in world.

– India is expected to be 5th largest economy very soon.

– Revised Fiscal Deficit estimate for 2017-18 is Rs 5.95 lakh crore at 3.5% of GDP.

Fiscal Deficit for FY’19 estimated at 3.3% of GDP.

– Govt’s market borrowing estimated at Rs 4.07 lakh crore in FY’19 versus Rs 4.79 lakh crore estimated in 2017-18

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