Mains > Economic Development > Budgeting > Fiscal policy
IN NEWS:
The Gross fiscal deficit (GFD) of states is budgeted to narrow to 3.4% of gross domestic product (GDP) in...
iTips
- For Mains, questions on fiscal consolidation, critical analysis of FRBM Act etc. can be asked in GS 3 (Economic development)
- For Prelims, questions on the basics of economics (FD, RD etc.), FRBM Act etc can be asked.
Mains > Economic Development > Indian Economy and issues > Fiscal policy
WHY IN NEWS?
The Union Budget presented in last July expected the fiscal deficit to be 3.3 per cent of the GDP for th...
iTips
- Mains: Fiscal deficit, its analysis, implications and ways to manage the deficit should be known for exam. The points can be used in questions relating to economic growth.
- Prelims: Different types of deficit, FRBM Act and basic data on fiscal deficit are the key areas from the topic.