Fiscal Developments

Fiscal Policy Framework

  • Stimulus measures such as direct benefit transfers to the vulnerable sections, emergency credit to the small businesses, and the world’s largest food subsidy programme targeting 80.96 crore beneficiaries enabled the creation of safety-nets, by ensuring that the essentials are taken care of.
  • During the phase of economic recovery, the stimulus mix included investment boosting measures like Production Linked Incentives (PLI), steps to encourage investment in infrastructure sector and enhancing capital expenditure by the Central and state Governments

Fiscal Indicators

  • The fiscal deficit of the Central Government at end November 2021 stood at 46.2 per cent of ....

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