85thissueEconomyWatchMonitoringIndia’smacro-fiscalperformanceNovember2023ENTERHomeContentsForeword:BudgetingforFY25:fromInterimtoMainBudget41Growth:PMIindicatedaneasingofgrowthinmanufacturingandservicesinOctober202362Inflation:CPIinflationeasedtoafour-monthlowof4.9%inOctober202373Fiscal:GoI’scapitalexpendituregrowthstoodat43.1%during1HFY2484Comparativetrends:IMFprojectedIndia’sgovernmentdebt-GDPratioat82%inFY24105Infocus:EconomicandfiscaloutlookforFY25’sInterimBudget116Moneyandfinance:bankcreditgrewby15.3%inSeptember2023177TradeandCAB:merchandiseexportsandimportsgrowthturnedpositiveinOctober2023198Globalgrowth:IMFprojectedglobalgrowthat3%in2023and2.9%...