Kishore: India's FY23 Fiscal Deficit Below 6% of GDP

The video discusses India's fiscal consolidation strategy, focusing on budget deficit projections and infrastructure spending. It highlights the impact of the budget on various sectors and the influence of upcoming state elections. The discussion also covers medium-term fiscal targets, transparency in budgeting, and the potential for global bond inclusion. Additionally, the video examines the Reserve Bank of India's policy stance in relation to the Federal Reserve's actions, considering inflation and oil price impacts on economic policy.

What is the main theme of recent budgets as discussed in the video?

• Increasing taxes

• Fiscal consolidation and fostering recovery

• Expanding social programs

• Reducing infrastructure spending

How does the budget aim to address the uneven recovery between sectors?

• By increasing taxes on the informal sector

• By reducing infrastructure spending

• By providing sops to small and medium enterprises

• By cutting social spending

What is a significant factor influencing the budget's focus on social spending?

• International trade agreements

• Upcoming state elections

• Rising oil prices

• Global economic downturn

What fiscal strategy is the government pursuing to improve transparency?

• Increasing off-budget items

• Expanding social welfare programs

• Reducing tax rates

• Pushing below-the-line items above the line

What potential change could facilitate India's global bond inclusion?

• Increasing capital gains tax

• Reducing fiscal deficit

• Removing capital gains tax

• Raising interest rates

How is the RBI's approach to interest rate hikes influenced by the Fed?

• RBI follows the Fed's rate hikes immediately

• RBI remains focused on domestic growth

• RBI increases rates before the Fed

• RBI ignores Fed's actions

What could force the RBI to acknowledge rising inflation expectations?

• Increased foreign investment

• Decreasing oil prices

• Stable economic growth

• Prolonged elevated oil prices