ls fiscal deficit harmful foreign economy.
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· The govt has revised its 2018-19 fiscal deficit projections to 3.3% of GDP and for the current fiscal to 3.5% of ...
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The government has revised its 2018-19 fiscal deficit projections to 3.3 per cent of GDP and for the current fiscal to 3.5 per cent of GDP, against original targets of 3 per cent and 3.2 per cent, respectively.
"The revised fiscal consolidation path is modestly shallower than the previous roadmap, but does not fundamentally alter India's overall fiscal strength," says William Foster, Vice President-Senior Credit Officer at Moody's.
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