INDIA BUDGET 2024-25: ANALYSIS
# Fiscal deficit is decreasing from 5.6% of GDP (2023-24) to 4.9% (2024-25) - a decrease of 0.7% points. This is good.
# Nominal GDP is estimated to increase in 2024-25 by 10.5%.
The 4 Budget components are changing from 2023-24 to 2024-25 like this:
1. Revenue Receipts (good income - ie, taxes)
This is increasing by 14.7% - which is more than the GDP growth rate (10.5%). This is good.
2. Capital Receipts (bad income - ie, loans)
This is *decreasing* by 1.3% - which is very good.
3. Revenue Expenditure (bad spending - salaries, schemes, subsidies)
This is increasing by 6.2% - which is less than the GDP growth rate. This is good.
4. Capital Expenditure (good spending - ie, infrastructure)
This is increasing by 17.1% - which is more than the GDP growth rate. This is good.
So overall we can say this is a good Budget . . .
