{"id":41842,"date":"2018-03-05T12:12:21","date_gmt":"2018-03-05T12:12:21","guid":{"rendered":"https:\/\/www.edristi.in\/?p=41842"},"modified":"2018-03-05T12:12:21","modified_gmt":"2018-03-05T12:12:21","slug":"estimate-fitch-relation-fiscal-deficit","status":"publish","type":"post","link":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/estimate-fitch-relation-fiscal-deficit\/","title":{"rendered":"Estimate of Fitch in relation Fiscal Deficit"},"content":{"rendered":"<p style=\"text-align: justify;\"><strong>Question- Recently, India&#8217;s fiscal deficit in the fiscal year 2018-19 has been expected at which of the following percentage by Fitch Group&#8217;s unit, BMI Research?<\/strong><br \/>\n(a) 3.5 percent<br \/>\n(b) 3.3 percent<br \/>\n(c) 3.0 percent<br \/>\n(d) 3.5 percent<br \/>\n<strong>Answer: (a)<\/strong><br \/>\n<strong>Related Facts:<\/strong><\/p>\n<ul style=\"text-align: justify;\">\n<li>On February 6<sup>th<\/sup>, 2018; India&#8217;s fiscal deficit estimate was released by Fitch Group&#8217;s unit &#8216;BMI Research&#8217;.<\/li>\n<li>Accordingly, India&#8217;s fiscal deficit in fiscal year 2018-19 is expected to be 3.5 percent of GDP.<\/li>\n<li>It is noteworthy that Fitch had predicted fiscal deficit, 3.3 percent of GDP, in the past.<\/li>\n<li>Cause of recent revision in estimates is that the policy makers have to reduce the speed of fiscal consolidation to promote economic growth.<\/li>\n<li>It is important that the government wants to achieve 7.5 percent growth targets.<\/li>\n<li>The government presented the budget for the fiscal year 2018-19 (April-March) on February 1<sup>st<\/sup>, 2018.<\/li>\n<li>In which the government aimed to transform the economy of the country into 5 trillion dollar economy by 2025.<\/li>\n<li>To achieve this, the expected development and employment generation is possible only at the slow pace of fiscal consolidation.<\/li>\n<li>It is important that the government had fixed the fiscal deficit target of 3.3 percent of GDP in 2018-19 as compared to the revised estimate of 3.5 percent of 2017-18.<\/li>\n<li>Although it is slow pace compared to the recommendation under FRBM (Fiscal Responsibility and Budget Management) Framework.<\/li>\n<li>Overall expenditure of &#8216;Budget 2018-19&#8217; has seen an increase in comparison to earlier.<\/li>\n<li>Whose largest allocation is in transportation, rural development, agriculture, education and healthcare?<\/li>\n<li>It is important to note that big allocation in these areas was done only in the wake of long term growth<strong>.<\/strong><\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><strong>Reference:<\/strong><br \/>\n<a href=\"https:\/\/economictimes.indiatimes.com\/news\/economy\/finance\/india-fy2019-fiscal-deficit-to-come-in-at-3-5-of-gdp-report\/articleshow\/62804874.cms\" target=\"_blank\" rel=\"noopener\">https:\/\/economictimes.indiatimes.com\/news\/economy\/finance\/india-fy2019-fiscal-deficit-to-come-in-at-3-5-of-gdp-report\/articleshow\/62804874.cms<\/a><br \/>\n<a href=\"http:\/\/www.thehindubusinessline.com\/economy\/high-govt-debt-burden-constrains-indias-rating-fitch\/article22629767.ece\" target=\"_blank\" rel=\"noopener\">http:\/\/www.thehindubusinessline.com\/economy\/high-govt-debt-burden-constrains-indias-rating-fitch\/article22629767.ece<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Question- Recently, India&#8217;s fiscal deficit in the fiscal year 2018-19 has been expected at which of the following percentage by Fitch Group&#8217;s unit, BMI Research? (a) 3.5 percent (b) 3.3 percent (c) 3.0 percent (d) 3.5 percent Answer: (a) Related Facts: On February 6th, 2018; India&#8217;s fiscal deficit estimate was released by Fitch Group&#8217;s unit [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":40927,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1089],"tags":[2338],"class_list":["post-41842","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-enew","tag-economics"],"_links":{"self":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/posts\/41842","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/comments?post=41842"}],"version-history":[{"count":0,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/posts\/41842\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/media\/40927"}],"wp:attachment":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/media?parent=41842"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/categories?post=41842"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/tags?post=41842"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}