{"id":21150,"date":"2022-02-04T12:04:37","date_gmt":"2022-02-04T06:34:37","guid":{"rendered":"https:\/\/tradebrains.in\/features\/biz-moodys-budget\/"},"modified":"2022-02-04T12:06:01","modified_gmt":"2022-02-04T06:36:01","slug":"biz-moodys-budget","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/biz-moodys-budget\/","title":{"rendered":"Conservative budget estimates leave room for pandemic response, macroeconomic risks: Moody&#8217;s"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1741700377\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p> New Delhi, Feb 4 (PTI) Moody&#8217;s Investors Service on Friday said India&#8217;s conservative budget assumptions leave room for the government to respond to prevailing macroeconomic and pandemic risks over the next year.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-4175494545\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div>\n<p> The government assumes that inflation-adjusted real GDP growth for fiscal 2021 will come in at 9.2 per cent in the current fiscal ending March 2022, following growth of 13.6 per cent in the first half of the fiscal till September.<\/p>\n<p> Mirroring the government&#8217;s conservative growth assumptions, the revised budget estimates for fiscal 2021 show revenue receipts growing only 27.2 per cent, which leaves some scope for further gains once the fiscal accounts are tallied at the end of March 2022, Moody&#8217;s said.<\/p>\n<p> In its report Moody&#8217;s said the focus on capital expenditure in 2022-23 Budget supports near-term growth, but poses challenges to longer-term fiscal consolidation.<\/p><div class=\"trade-content_5\" id=\"trade-1636188230\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p> India&#8217;s budget projects a narrowing in the central government deficit to 6.4 per cent of GDP in fiscal 2022, from an estimated 6.9 per cent in fiscal 2021.<\/p>\n<p> &#8220;The budget is characterized by a continued emphasis on rising capital expenditure to sustain growth momentum near term, as the economy continues to rebound from its pandemic trough.<\/p>\n<p> &#8220;While conservative budget assumptions leave room for the government to respond to prevailing macroeconomic and pandemic risks over the next year, the path toward the government&#8217;s medium-term deficit target of 4.5 per cent of GDP by fiscal 2025 remains undefined,&#8221; it said.<\/p>\n<p> The central government recorded a 67.2 per cent rise in revenue receipts over the first eight months of the fiscal year.<\/p>\n<p> The strong revenue outcome offsets underperformance on disinvestment. The government now expects disinvestment receipts of only Rs 78,000 crore (around 0.3 per cent of GDP) in fiscal 2021, compared with the target of Rs 1.75 lakh crore (0.8 per cent of GDP) announced in last year&#8217;s budget.<\/p>\n<p> &#8220;Relative to the government&#8217;s assumption of 11.1 per cent nominal GDP growth for fiscal 2022, its projection of a 6 per cent rise in revenue receipts appears achievable, balancing buoyant corporate tax, income tax, and goods and sales tax (GST) receipts against declines in dividends and other non-tax revenue,&#8221; Moody&#8217;s said.<\/p><div class=\"trade-content-10\" id=\"trade-3905873057\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p> It said prominent risks to the deficit target of 6.4 per cent of GDP for fiscal 2022 include the pandemic and inflation. Both of these factors could spur additional spending to support the economy, although execution risks related to capital expenditure could dampen overall spending.<\/p>\n<p> &#8220;The announced budget is consistent with our view of gradual fiscal consolidation and a continuing increase in government debt through the next year to around 91 per cent of GDP,&#8221; Moody&#8217;s said. PTI JD  DRR<\/p>\n<div class=\"trade-after-content\" id=\"trade-4070812076\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>New Delhi, Feb 4 (PTI) Moody&#8217;s Investors Service on Friday said India&#8217;s conservative budget assumptions leave room for the government to respond to prevailing macroeconomic and pandemic risks over the next year. The government assumes that inflation-adjusted real GDP growth for fiscal 2021 will come in at 9.2 per cent in the current fiscal ending [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1697,31],"tags":[],"class_list":["post-21150","post","type-post","status-publish","format-standard","hentry","category-economy","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Conservative budget estimates leave room for pandemic response, macroeconomic risks: Moody&#039;s - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/biz-moodys-budget\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Conservative budget estimates leave room for pandemic response, macroeconomic risks: Moody&#039;s\" \/>\n<meta property=\"og:description\" content=\"New Delhi, Feb 4 (PTI) Moody&#8217;s Investors Service on Friday said India&#8217;s conservative budget assumptions leave room for the government to respond to prevailing macroeconomic and pandemic risks over the next year. The government assumes that inflation-adjusted real GDP growth for fiscal 2021 will come in at 9.2 per cent in the current fiscal ending [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/biz-moodys-budget\/\" \/>\n<meta property=\"og:site_name\" content=\"Trade Brains Features\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeBrainsOfficial\/\" \/>\n<meta property=\"article:published_time\" content=\"2022-02-04T06:34:37+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-02-04T06:36:01+00:00\" \/>\n<meta name=\"author\" content=\"PTI News\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:site\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"PTI News\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tradebrains.in\/features\/biz-moodys-budget\/\",\"url\":\"https:\/\/tradebrains.in\/features\/biz-moodys-budget\/\",\"name\":\"Conservative budget estimates leave room for pandemic response, macroeconomic risks: Moody's - Trade Brains Features\",\"isPartOf\":{\"@id\":\"https:\/\/tradebrains.in\/features\/#website\"},\"datePublished\":\"2022-02-04T06:34:37+00:00\",\"dateModified\":\"2022-02-04T06:36:01+00:00\",\"author\":{\"@id\":\"https:\/\/tradebrains.in\/features\/#\/schema\/person\/432b854fc143da831dae702afe00a7d3\"},\"breadcrumb\":{\"@id\":\"https:\/\/tradebrains.in\/features\/biz-moodys-budget\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/tradebrains.in\/features\/biz-moodys-budget\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/tradebrains.in\/features\/biz-moodys-budget\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/tradebrains.in\/features\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Conservative budget estimates leave room for pandemic response, macroeconomic risks: Moody&#8217;s\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/tradebrains.in\/features\/#website\",\"url\":\"https:\/\/tradebrains.in\/features\/\",\"name\":\"Trade Brains\",\"description\":\"Stock Market NSE\/BSE Latest News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/tradebrains.in\/features\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/tradebrains.in\/features\/#\/schema\/person\/432b854fc143da831dae702afe00a7d3\",\"name\":\"PTI News\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/tradebrains.in\/features\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/33d290530d88025709a22a0e9cea1a42ff2e6013ca877b91a86e7ca950cdd59e?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/33d290530d88025709a22a0e9cea1a42ff2e6013ca877b91a86e7ca950cdd59e?s=96&d=mm&r=g\",\"caption\":\"PTI News\"},\"url\":\"https:\/\/tradebrains.in\/features\/author\/ptinews\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Conservative budget estimates leave room for pandemic response, macroeconomic risks: Moody's - Trade Brains Features","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/tradebrains.in\/features\/biz-moodys-budget\/","og_locale":"en_US","og_type":"article","og_title":"Conservative budget estimates leave room for pandemic response, macroeconomic risks: Moody's","og_description":"New Delhi, Feb 4 (PTI) Moody&#8217;s Investors Service on Friday said India&#8217;s conservative budget assumptions leave room for the government to respond to prevailing macroeconomic and pandemic risks over the next year. The government assumes that inflation-adjusted real GDP growth for fiscal 2021 will come in at 9.2 per cent in the current fiscal ending [&hellip;]","og_url":"https:\/\/tradebrains.in\/features\/biz-moodys-budget\/","og_site_name":"Trade Brains Features","article_publisher":"https:\/\/www.facebook.com\/TradeBrainsOfficial\/","article_published_time":"2022-02-04T06:34:37+00:00","article_modified_time":"2022-02-04T06:36:01+00:00","author":"PTI News","twitter_card":"summary_large_image","twitter_creator":"@TradeBrainsGrp","twitter_site":"@TradeBrainsGrp","twitter_misc":{"Written by":"PTI News","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/tradebrains.in\/features\/biz-moodys-budget\/","url":"https:\/\/tradebrains.in\/features\/biz-moodys-budget\/","name":"Conservative budget estimates leave room for pandemic response, macroeconomic risks: Moody's - Trade Brains Features","isPartOf":{"@id":"https:\/\/tradebrains.in\/features\/#website"},"datePublished":"2022-02-04T06:34:37+00:00","dateModified":"2022-02-04T06:36:01+00:00","author":{"@id":"https:\/\/tradebrains.in\/features\/#\/schema\/person\/432b854fc143da831dae702afe00a7d3"},"breadcrumb":{"@id":"https:\/\/tradebrains.in\/features\/biz-moodys-budget\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/tradebrains.in\/features\/biz-moodys-budget\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/tradebrains.in\/features\/biz-moodys-budget\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/tradebrains.in\/features\/"},{"@type":"ListItem","position":2,"name":"Conservative budget estimates leave room for pandemic response, macroeconomic risks: Moody&#8217;s"}]},{"@type":"WebSite","@id":"https:\/\/tradebrains.in\/features\/#website","url":"https:\/\/tradebrains.in\/features\/","name":"Trade Brains","description":"Stock Market NSE\/BSE Latest News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/tradebrains.in\/features\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/tradebrains.in\/features\/#\/schema\/person\/432b854fc143da831dae702afe00a7d3","name":"PTI News","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/tradebrains.in\/features\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/33d290530d88025709a22a0e9cea1a42ff2e6013ca877b91a86e7ca950cdd59e?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/33d290530d88025709a22a0e9cea1a42ff2e6013ca877b91a86e7ca950cdd59e?s=96&d=mm&r=g","caption":"PTI News"},"url":"https:\/\/tradebrains.in\/features\/author\/ptinews\/"}]}},"_links":{"self":[{"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/posts\/21150","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/comments?post=21150"}],"version-history":[{"count":1,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/posts\/21150\/revisions"}],"predecessor-version":[{"id":21151,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/posts\/21150\/revisions\/21151"}],"wp:attachment":[{"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/media?parent=21150"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/categories?post=21150"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/tags?post=21150"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}