We need to cut down fiscal deficit: Kaushik Basu

India needs to bring down its fiscal deficit and make room for private investment, the chief economic adviser to the finance ministry, Kaushik Basu, said on Wednesday.

hidden September 28, 2011 12:41:54 IST
We need to cut down fiscal deficit: Kaushik Basu

India needs to bring down its fiscal deficit and make room for private investment, the chief economic adviser to the finance ministry, Kaushik Basu, said on Wednesday.

We need to cut down fiscal deficit Kaushik Basu

Reuters

The government has budgeted a fiscal deficit target of 4.6 percent of the gross domestic product for the current fiscal that ends next March.

Many private economists have raised questions about the government's ability to meet the target because of rising subsidy bills and poor market conditions that has delayed asset sales.

Reuters

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