India has almost achieved its yearly allocated fiscal deficit target i.e. 99% of the target assigned which is 4.1% of the GDP. Fiscal deficit is the difference between the governments income and expenditure. Chief economic advisor Mr. Arvind Subramaniam has indicated that government will reduce its fiscal expenditure to remain close to its target. Option Tips
India has almost achieved its yearly allocated fiscal deficit target i.e. 99% of the target assigned which is 4.1% of the GDP. Fiscal deficit is the difference between the governments income and expenditure. Chief economic advisor Mr. Arvind Subramaniam has indicated that government will reduce its fiscal expenditure to remain close to its target.
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