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%.

22 Nov 2012 - 21:34 - - Source: Newswires

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