Strict fiscal discipline observed by the Centre and the states have forced India's budget deficit to come down to its lowest in eight years, Finance Minister P Chidambaram said here. | |
| Both the Centre and the states were observing strict fiscal discipline and as a result, the Budget deficit was 4.1 per cent of GDP in the fiscal year ending March 31, he said, pointing out that it was the lowest in eight years. |
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| It was "less than 4.5 per cent estimated by the government in February. I think we could do better than 4.3 per cent. Whether I would be able to do better than 4.1 per cent, I cannot say," he said, addressing the India Investors Forum here. Inviting foreign investors to take advantage of the "huge possibilities" existing in the infrastructure sector, Chidambaram has said India has drawn up ambitious plans to upgrade all sectors over next several years. |
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