What Is A Fiscal Year 2024. A fiscal year (fy), also known as a budget year, is a period of time used by the government and businesses for accounting purposes to formulate annual financial statements and reports. India’s gdp grew 8.15% yoy over fiscal 2023 to 2024, with a sharp growth of 7.8% in the fourth quarter of 2023, beating the.

Before that, here are few financial. It’s used differently by the government and businesses, and does need to correspond to a calendar year.