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FY18 fiscal deficit to be lower than revised estimates of 3.5%: S C Garg

India revised its fiscal deficit target to 3.5% of GDP from an earlier 3.2% of GDP for the 2017/18 fiscal year that ended on March 31

Reuters  |  New Delhi 

India's economic affairs secretary on Monday said that the country's fiscal and revenue deficits would be lower than the revised estimates for the 2017/18 fiscal year. After taking into consideration almost all revenues and expenditure, "I can confirm that both fiscal deficit and revenue deficit are lower than the revised estimates for 2017/18," Subhash Chandra Garg said on Twitter. India revised its fiscal deficit target to 3.5 per cent of GDP from an earlier 3.2 per cent of GDP for the 2017/18 fiscal year that ended on March 31. Earlier, Finance Secretary ...

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First Published: Mon, April 02 2018. 20:49 IST
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