The survey highlighted that conservative budget assumptions provided a buffer during global uncertainties. The resilience in the fiscal performance was due to a recovery in economic activity and buoyancy in revenues.
A possible slowdown in economy and its resultant impact on revenue collection could put additional pressure on public finances.
He claimed that the Narendra Modi government's efforts during its remaining tenure cannot revive the "perilous condition" of the Indian economy.
Government is likely to set fiscal deficit target in the range of 3.3-3.4 per cent of GDP for the financial…
