RBI payout to Indian government more than doubles

The Reserve Bank of India (RBI) is set to transfer 2.1 trillion rupees (approximately $25 billion) in dividends to the country’s government, more than double the amount from last year.

The figure represents a 141% increase year-on-year, and will come as welcome news for a new government that will take office after the current marathon elections end on June 1. Election results will be declared on June 4.

The country’s economy ran a 5.8% fiscal deficit during the April 2023–March 2024 financial year

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