Expenditure Secretary T V Somanathan has said that the government is confident of lowering the fiscal deficit to 4.5 percent of GDP by 2025-26 fiscal, considering a nominal GDP growth of 10 percent every year.
India has exceeded its fiscal deficit target of 3.5 percent in the current fiscal by a wide margin due to higher spending to stimulate the economy amid the pandemic. As per the revised estimate, the fiscal deficit -- the excess of government expenditure over its revenues -- has been pegged at 9.5 percent of the gross domestic product (GDP) in the current fiscal ending March 31. For the next 2021-22 fiscal, the deficit has been pegged at 6.8 percent of GDP, which will be further lowered to 4.5 percent by the fiscal ending March 31, 2026.
Expenditure Secretary further said ‘the fiscal deficit target has been set keeping in mind the estimate of a 5-6 percent real GDP growth over next four years, while nominal GDP will be at least 44 percent higher than what it is today. Let us assume (real GDP) growth to be 5-6 per cent, and inflation at 4-5 per cent, we will get to 10 percent (nominal growth). Most likely we will get to 11 percent (nominal growth). So 44 percent growth in GDP denominator is almost certain. So on that GDP our deficit will be 4.5 percent. I think we are quite confident we will reach it.’
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MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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