ALSO READIndia to borrow more than budgeted, may breach fiscal deficit target Govt confident of higher GVA for agri sector in 2017-18 India's GDP growth fell to 7.1% in 2016-17 from 8.2% in 2015-16 India lowers economic growth forecast ahead of budget Economic Survey: Government sees growth of 7-7.5 percent in 2018/19 fiscal year
NEW DELHI (Reuters) - The Indian government on Thursday sought parliament's approval to spend a net additional 853 billion rupees ($13.14 billion) in new spending in the current fiscal year to end-March 2018, a finance ministry statement said.
This extra spending is unlikely to impact the country's fiscal deficit target for 2017/18 as India had raised the fiscal deficit target to 3.5 percent of gross domestic product from 3.2 percent earlier.
($1 = 64.9200 Indian rupees)
(Reporting by Nigam Prusty and Manoj Kumar; Editing by Malini Menon)
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)