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Amid revenue shortfall, Fitch Solutions in its latest report has said that India is likely to breach its fiscal deficit target in the financial year to March 2022. The government is targeting a deficit between revenue it earns and what it spends at 6.8 per cent of the gross domestic product (GDP) in FY22 (April 2021 to March 2022). Fitch Solutions forecasts the Indian central government deficit to come in at 8.3 per cent of GDP in FY22. It had previously projected a fiscal deficit of 8 per cent.
As per the report, central government expenditure is likely to be around the project of Rs 34.8 lakh crore as it looks to maintain its high pandemic-period spending so as to bolster pace of economic recovery. Against this, revenue are likely to come in at Rs 16.5 lakh crore, down from government estimate of Rs 17.8 lakh crore on the back of an impaired outlook for India's economic recovery in FY22 as a result of the ongoing health crisis. It did not expect the government to significantly expand spending beyond what has been budgeted.
Besides, Fitch Solutions noted that its less optimistic view on the Indian economy was also reflected in its real GDP growth forecast of 9.5 per cent in FY22, a full percentage point below the government's 10.5 per cent projection.
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
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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