Deficit

Monsoon to boost agri income, output this year despite 5% deficit: A point by point explainer

A good monsoon gives the government the cushion to strengthen the farm economy by providing end to end solutions. We should not miss this opportunity

GST will lead to higher economic growth in long run: Fitch Ratings

The rating agency also noted that the introduction of national GST, though positive from a longer-term economic perspective, should not have a substantive effect on the fiscal account in the short term

Oil prices jump as Goldman Sachs says market flips into deficit

Oil prices jumped over 1 percent on Monday after long-time bear Goldman Sachs said the market had ended almost two years of oversupply following global oil disruptions and flipped to a deficit.

Fix Budget 2012 hole or S&P could downgrade India

Rupa Rege-Nisture, chief economist and general manager of the Bank of Baroda, speaks to Firstpost's Rajanya Bose in an exclusive video interview.

India Inc, don't expect any market-friendly goodies in Budget 2012

The only positive to look forward to, brokerage Credit Suisse says, is that there could be a small boost to consumption.

Budget 2012 primer: What does govt spend money on?

Spending on rural employment takes away much needed resources for building infrastructure. Similarly, any loan waiver program will eat into capital spending on infrastructure.

This Budget 2012, shift govt spending focus from consumption to investment

Dr Ashima Goyal of the Indira Gandhi Institute of Development Research in Mumbai told Firstpost's R Jagannathan that it is not the raw numbers that matter to fiscal consolidation, but the quality of the adjustment.

'A 5.6% deficit may not be a problem for India': IGIDR

In an exclusive interview to Firstpost, Ashima Goyal of IGIDR, said the challenge for the government is to rein in the deficit while addressing the issue of slowing economic growth.

Govt track record says Budget 2012 will be bad: Jim Walker

The government's willingness to cut back subsidies will be on stern test, but it will likely disappoint, says the economist.

Cut oil subsidies first to tackle fiscal deficit: Crisil

Dharmakirti Joshi, chief economist, Crisil, believes, you have to start with cutting oil subsidies – with diesel deregulation taking the prime spot in reforms.