Budget 2024 LIVE View | Vivek Iyer, Partner, Grant Thornton Bharat on fiscal deficit targets of govt

This budget gave a detailed account of how the government has taken an approach reflecting continuum in ever budget from the past. One such thematic parameter of continuum was the commitment to fiscal consolidation. The fiscal deficit budgeted for next year is 5.1 percent against a revised fiscal deficit estimates of last year for 5.8 percent reflects a positive step in that direction reflecting the commitment to fiscal consolidation. This is a big credit positive for India from a sovereign ratings standpoint.