Government debt likely to stand at 80 per cent of GDP by FY30: Motilal Oswal

While real GDP growth averaged at 6.8 per cent between FY14 and FY20, real fiscal spending grew at an average of 9 per cent during the period. In FY20, while real GDP growth weakened to 4.2 per cent, fiscal spending is estimated to have contributed 1.1 percentage point or 27 per cent to annual real GDP growth.