Alumni Network
Group Websites
Broking & Distribution
Asset Management
Private Wealth Management
Home Finance
Private Equity-Growth Capital
contact us
nifty
22,397.75
-4.65 (-0.02%)
25-Apr-2024 | 12:04
sensex
73,819.19
-33.75 (-0.05%)
25-Apr-2024 | 12:13
MOFSL
2,393.95
40.95 (1.74%)
25-Apr-2024 | 12:04
About MOFSL
History
Milestones
Core Purpose & Values
Technology
Customers
Partners / Business Associates
Employees
Apps
MO Foundation
ESG Profile
Our Businesses
Financial Services
Broking & Distribution
Asset Management
Private Wealth
Home Finance
Institutional Equities
Private Equity
Investment Banking
Overview
Offerings
Transactions
Prospectus
Offer Documents
Placement Documents
Delisting Documents
Track Record
Investor Grievances
Investor Charter
Research
Economy
Sector
Expert Opinion
Thematic
Investor Relations
ESG Profile
Fact Sheet
Financial Report
Quarterly
Standalone
Consolidated
Earning Presentation
Additional Slides
Concall Transcript
Concall Recording
Annual
Financial Statement of Subsidiaries
Share Holding Pattern
Additional Disclosures
Disclosures
Mandatory
Special
Unclaimed Dividends
IEPF
Buyback
Scheme of arrangement
NCD Public Issues
Corporate Policies & Codes
Careers
Overview
Career Path
Life at Motilal Oswal
Current Openings
Media Room
Press Release
Interviews
Print
Online
Television
News
Print
Online
Television
MOFSL in News
Advertisements
Print
Television
AV
Downloads
EcoScope
Back
The Economy Observer: Immense potential to support 4QFY18 GDP growth
+ Share
16-Jan-2018
Based on data for 20 states, we find that state governments continue to be cautious in their total spending, which grew only 6.9% YoY during April-November 2017 against an average growth of ~16% in the past five years. Slower growth was primarily due to continued decline in capex - down ~14% against budget estimate (BE) of a decline of ~1% in FY18.
Slower spending growth up to November 2017 implies that if states have to meet their full-year BEs, their spending will have to grow ~36% YoY in the remaining four months of FY18, providing immense support to 4QFY18 GDP growth.However, it will depend entirely on their ability to garner budgeted receipts.
Total receipts grew 11.7% YoY in the first eight months of FY18, of which tax receipts (including the center's share) have grown over 13%. Grants-in-aid, however, have grown at a meager 3.6% YoY during this period. Aggregate fiscal deficit of 20 states, thus, was only 48.9% of BE up to November 2017, lower than 60.7% in the corresponding period last year.
view report
Download report
open an account
trade now
If you are an Institutional Investor registered in EU, please know you are proceeding to a Research Portal on which Research Reports are available without any restriction. Accessing free Research Services is disallowed under the MIFID II Directive.
In case you are our registered EU client or are based outside EU, please click "I Confirm" to proceed
x