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Podcast: businessline's State of the Economy Podcast
Episode: Is the fiscal deficit target set in the Interim Budget realistic? ICRA’s Aditi Nayar explains
Description: In this podcast, businessline’s Shishir Sinha is joined by Aditi Nayar, Chief Economist, Investment Information and Credit Rating Agency (ICRA), who provides a quick take on the interim Budget. The discussion revolves around crucial aspects such as the fiscal deficit, capital expenditure (capex), private sector investment, state capex, and high-frequency economic indicators. Nayar commends the government's lower fiscal deficit-to-GDP ratio for FY24 and FY25, expressing pleasant surprise at the larger-than-expected capex, particularly for FY25. However, she raises concerns about the ambitious capex target of ₹11.1 trillion for FY25, speculating that the monsoon season and delayed budget presentation might...