India estimates wider budget gap at over 7% vs 6.8% aim: Report

The government has a target of raising 1.75 trillion rupees this year but progress on plans to sell insurance behemoth LIC or privatize oil refiner Bharat Petroleum have been slow

India may overshoot its budget deficit target as the government boosts spending and struggles to complete planned asset sales, according to people with knowledge of the matter.
 

The gap may widen to more than 7% of gross domestic product in the year through March 31 versus the 6.8% goal, the people said, asking not to be identified citing rules on speaking to the media. Lower divestment collections is also seen offsetting gains from higher tax collections, they added.

If the latter two had been met together, the shortfall could have been reined in to as little as 6.3% of GDP, Bloomberg