Skip to content
Subscriber Only
Markets
Economics

RBI Eases India Government Finances With $14 Billion Payout

  • Amount is higher than what was budgeted by government
  • Government targets fiscal deficit of 6.8% of GDP this year
INDIA-ECONOMY-RATE

Photographer: Punit Paranjpe/AFP/Getty Images

By

Updated on

Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.

India’s central bank approved paying a higher-than-expected nearly $14 billion as dividend to the government, providing relief to Finance Minister Nirmala Sitharaman at a time when the pandemic has strained public finances.