HSBC sees India's fiscal deficit breaching 5% mark in FY14

Dec 09 2013, 16:41 IST
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Government has been stressing it will meet the fiscal deficit target of 4.8 per cent of the GDP in this fiscal. Government has been stressing it will meet the fiscal deficit target of 4.8 per cent of the GDP in this fiscal.
SummaryRevenue growth has slowed, while expenditure has gone up in first half of the fiscal, says HSBC.

not be feasible politically given the upcoming general elections.

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