Fiscal deficit to be 7.5% of GDP during current fiscal: Sources say.

India's fiscal deficit is expected to be around 7.5 per cent of the GDP for the current fiscal owing to moderation in revenue collection due to the COVID-19 crisis, experts said. This would be a 100 per cent jump from the Budget estimate of 3.5 per cent of GDP pegged for the current fiscal.

The government had pegged the fiscal deficit at Rs 7.96 lakh crore or 3.5 per cent of the GDP in the Union Budget 2020-21, which was presented by Finance Minister Nirmala Sitharaman in February 2020.

The finance minister in Budget 2020-21 had pegged the gross market borrowing, which is also a reflection of fiscal deficit, at Rs 7.80 lakh crore for the current fiscal.

Question:

What according to you are the appropriate measures that can be employed at macro level to bring out the Indian economy on track as well as maintain the fiscal prudence?