"Will Bring Down Interest Rate Over Time": Amitabh Kant As Centre Lowers Fiscal Deficit Target

  • 7:57
  • Published On: February 01, 2024
Cinema View
Embed
India has set a target to narrow its fiscal deficit to 5.1% in the fiscal year 2024/25, after lowering the current year's deficit to 5.8% of gross domestic product (GDP), Finance Minister Nirmala Sitharaman. The government will continue the path of fiscal consolidation, Sitharaman said while presenting the interim budget for the fiscal year starting on April 1. "The great thing is that it will create a lot of fiscal space available leading to lower interest rate; bank rates will come down over a period of time. That will enable private sector to access a lot of resources for investment and that will kickstart private sector investment and also focus on infrastructure. That is critical. Overall, economy's interest rate will come down.

Related Videos

Modi 3.0 Government's 1st Budget: Will There Be Tax Relief?
July 15, 2024 25:14
Union Budget 2024: Restaurant Owners In Amritsar Demand Uniform Tax Slab
July 15, 2024 2:18
Union Budget 2024: Students In Kashmir Hope For Reduced Fee, Raise In Scholarships
July 15, 2024 2:39
Union Budget 2024: Darbhanga Makhana Producers Seek Government Support
July 14, 2024 3:22
Delhi's Industrial Market Associations Hope For Reduced GST On Rental Shops
July 14, 2024 3:12
Youth In Mumbai Want Government To Focus On Education And Research
July 13, 2024 3:43
Kashmir Bat Manufacturers Expect Measures That Wil Open New Foreign Markets
July 09, 2024 2:42
Goldman Sachs: Budget Focus Likely On Jobs, Rural India
July 08, 2024 8:53
Union Budget 2024: Jaipur Jewellers Want Increase In Limit Of Cash Purchases, Reduction In GST
July 08, 2024 2:42
Amravati Farmers Demand Subsidies In Union Budget 2024
July 07, 2024 1:50
Finance Minister Nirmala Sitharaman To Present Modi 3.0 Budget On July 23
July 06, 2024 2:15
FM Sitharaman Recalls Former FM On Being Asked About GST Over Petroleum
June 23, 2024 2:28
  • 3 Police Snipers Spotted Trump Attacker Minutes Before He Opened Fire
    July 16, 2024 2:50

    3 Police Snipers Spotted Trump Attacker Minutes Before He Opened Fire

  • Chandrababu Naidu In Delhi Ahead Of Union Budget, May Seek More Funds For Andhra
    July 16, 2024 2:21

    Chandrababu Naidu In Delhi Ahead Of Union Budget, May Seek More Funds For Andhra

  • CBI, Probe Agency ED Get Supreme Court Notice Over Manish Sisodia's Bail Pleas
    July 16, 2024 2:33

    CBI, Probe Agency ED Get Supreme Court Notice Over Manish Sisodia's Bail Pleas

  • "Demand Of Every Patriotic Indian Is...": Rahul Gandhi On Doda Terror Attack
    July 16, 2024 7:07

    "Demand Of Every Patriotic Indian Is...": Rahul Gandhi On Doda Terror Attack

  • Eviction Notice Given To 200 Ex-MPs For Overstaying In Official Bungalows
    July 16, 2024 1:06

    Eviction Notice Given To 200 Ex-MPs For Overstaying In Official Bungalows

  • Cop Drives Car With Petrol Pump Staff On Bonnet After Being Asked To Pay
    July 16, 2024 1:26

    Cop Drives Car With Petrol Pump Staff On Bonnet After Being Asked To Pay

  • Elon Musk's Big Bet On Donald Trump, Pledges $45 Million A Month To Elect Him
    July 16, 2024 0:28

    Elon Musk's Big Bet On Donald Trump, Pledges $45 Million A Month To Elect Him

  • All-Party Meet On July 21 Ahead Of Parliament's Monsoon Session
    July 16, 2024 2:36

    All-Party Meet On July 21 Ahead Of Parliament's Monsoon Session

  • Another Politician Hacked To Death In Tamil Nadu, Cops Say Revenge Killing
    July 16, 2024 1:56

    Another Politician Hacked To Death In Tamil Nadu, Cops Say Revenge Killing

  • China's GDP Growth Slows, Falls Short of Forecasts
    July 16, 2024 5:23

    China's GDP Growth Slows, Falls Short of Forecasts

  • Republican Convention: Donald Trump's First Appearance After Assassination Attempt
    July 16, 2024 2:29

    Republican Convention: Donald Trump's First Appearance After Assassination Attempt

  • Apple's India Sales Hit Record High Of Nearly $8 Billion
    July 16, 2024 1:31

    Apple's India Sales Hit Record High Of Nearly $8 Billion

  • 5 Dead, Several Injured In Bus-Tractor Collision Near Mumbai Express Highway
    July 16, 2024 2:54

    5 Dead, Several Injured In Bus-Tractor Collision Near Mumbai Express Highway

  • Delhi Police Likely To File 1000-Page Charge Sheet In Swati Maliwal Assault Case
    July 16, 2024 2:53

    Delhi Police Likely To File 1000-Page Charge Sheet In Swati Maliwal Assault Case

  • INDIA's Bihar Ally Mukesh Sahani's Father Brutally Murdered At Home
    July 16, 2024 1:41

    INDIA's Bihar Ally Mukesh Sahani's Father Brutally Murdered At Home

  • CBI Registers FIR Against Ex Chhattisgarh Public Service Commission Chairman
    July 16, 2024 1:56

    CBI Registers FIR Against Ex Chhattisgarh Public Service Commission Chairman

  • 48 Soldiers Killed In Action In J&K In 32 Months. Timeline Of Major Attacks
    July 16, 2024 4:19

    48 Soldiers Killed In Action In J&K In 32 Months. Timeline Of Major Attacks

  • Donald Trump Picks Critic Turned Loyal Ally As V-P, China Economy Falters, Apple's India Sales
    July 16, 2024 23:24

    Donald Trump Picks Critic Turned Loyal Ally As V-P, China Economy Falters, Apple's India Sales

  • Ananya Panday's Chic Airport Style Turns Heads In Mumbai
    July 16, 2024 0:49

    Ananya Panday's Chic Airport Style Turns Heads In Mumbai

  • JD Vance: Once A Trump Critic, Now His Running Mate
    July 16, 2024 3:34

    JD Vance: Once A Trump Critic, Now His Running Mate

  • 4 Soldiers Killed In Action In Encounter With Terrorists In J&K's Doda
    July 16, 2024 5:52

    4 Soldiers Killed In Action In Encounter With Terrorists In J&K's Doda

Our Offerings: NDTV
  • मध्य प्रदेश
  • राजस्थान
  • इंडिया
  • मराठी
  • 24X7
Choose Your Destination