New Delhi, January 7 – India’s fiscal performance showed a marked improvement in November 2024, with higher government spending and improved revenue collection boosting the country’s economic momentum, according to a recent report. The fiscal impulse, which measures the effect of government expenditure on economic activity, saw a notable increase, driven by robust tax collections and enhanced capital outlays.
The report highlighted that the government’s focus on infrastructure spending and social welfare programs has supported economic recovery and growth. Analysts expect further fiscal momentum in the remaining months of FY25 as the government ramps up spending to meet its annual budgetary targets. Enhanced revenue mobilization from Goods and Services Tax (GST) and direct taxes has provided the fiscal space for increased investments, suggesting a positive outlook for the Indian economy in the near term.
