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India may miss budget targets due to Covid pandemic

India pandemic economy
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pandemic has slowed tax revenue and put resources under pressure after the administration pledged measures to support the economy, which is seen contracting for the first time in more than four decades this year.That’s led to calls for getting the Reserve Bank of India to directly fund the fiscal deficit.

But there’s no plan on the table to directly sell sovereign bonds to the central bank, nor has a discussion taken place with them on that topic, Bajaj said.“The kind of contraction some of the people are mentioning may also not turn out," he said, without giving any forecast.

The International Monetary Fund estimates the nation’s GDP to shrink 4.5% this year, while Goldman Sachs Group Inc. is forecasting a 5% decline.

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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Covid-19.rehab - the latest news concerning the spread of the SARS-CoV-2 coronavirus (formerly 2019-nCoV), as well as the infectious disease that it causes COVID-19, in separate countries and in the world as a whole. Current news on the topic of coronavirus SARS-CoV-2. Quarantine, pandemic 2020, epidemic: what is it, when will it come to end, precautions and how to protect yourself from this disease. The most honest news, no fakes! To keep up with the latest news, stay tuned for updates on the site! Every day we will collect news and statistics on coronavirus from around the world for you to be aware of this topic.

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