News Headline Summary

India's fiscal deficit could reach 5.5-5.6% of GDP in the current finscal year that ends in March, forcing the government to borrow up to INR 400bln extra from the market, according to a senior government official

- Just last month, subdued tax revenue and higher spending on subsidies forced the government to revise its fiscal deficit target to 5.3% for the current financial year from the previous of 5.1%.

23 Nov 2012 - 03:34 - - Source: Newswires

Subscribe Now to RANsquawk

Click here for a 1 week free trial

RANsquawk provides audio news and commentary for over 15,000 professional traders and brokers worldwide. Services include: