India maintains 2016/17 fiscal deficit target at 3.5 percent of GDP | Reuters

NEW DELHI India retained its fiscal deficit target of 3.5 percent of gross domestic product for fiscal year to March 2017, as against 3.2 percent mentioned incorrectly in the budget document, Economic Affairs Secretary Shaktikanta Das clarified on Wednesday.The government aims to bring down its fiscal deficit to 3.2 percent of GDP in the financial year starting April 1, Das said.

As economists polled by Reuters had expected, Jaitley raised the target for the fiscal deficit to 3.2 percent of gross domestic product in 2017/18 - effectively postponing the goal of bringing it down to 3 percent.

(Reporting by Malini Menon; Editing by Swati Bhat)

This story has not been edited by Firstpost staff and is generated by auto-feed.


Updated Date: Feb 01, 2017 16:29 PM

Also Watch

Social Media Star: Abhishek Bachchan, Varun Grover reveal how they handle selfies, trolls and broccoli
  • Monday, July 16, 2018 It's a Wrap: Soorma star Diljit Dosanjh and Hockey legend Sandeep Singh in conversation with Parul Sharma
  • Monday, July 16, 2018 Watch: Dalit man in Uttar Pradesh defies decades of prejudice by taking out baraat in Thakur-dominated Nizampur village
  • Monday, July 16, 2018 India's water crisis: After govt apathy, Odisha farmer carves out 3-km canal from hills to tackle scarcity in village
  • Sunday, July 15, 2018 Maurizio Sarri, named as new Chelsea manager, is owner Roman Abramovich's latest gamble in quest for 'perfect football'

Also See