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The interim budget of 2014-15 was opened on the cheerful note conveying that the anticipated GDP of 4.6 % will be achievable as said the Union Finance minister P Chidambaram on Monday in Parliament session. It is to be noted that fiscal deficit is an amount that is borrowed by the government to meet its expenses.

The Indian economy grew at a 15-quarter high of 8.2% in the April-June quarter of Financial Year 2018-19 on a good show by manufacturing and farm sectors, according to the government data released today. The GDP growth has cemented India's position as the fastest growing major economy.