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UN lowers India GDP growth forecast for 2017 to 7.3%, cautions on bad loans

The UN has lowered India GDP growth forecast to 7.3% for 2017 but predicted a higher 7.9% for 2018 even as it cautioned on bad loans plaguing the banking sector

3 min read17 May 2017

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Budget

The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared

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