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Govt signals readiness to sacrifice fiscal discipline for economic growth

In addition to fiscal measures, Jaitley is hoping for some support on the monetary front

Union Finance Minister Arun Jaitley
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Union Finance Minister Arun Jaitley

Vrishti Beniwal | Bloomberg
India’s government signaled it’s ready to sacrifice fiscal discipline to stoke economic growth, as it prepares to unveil its last spending plan next month before a general election.

“It entirely depends on what the existing situations are,” Finance Minister Arun Jaitley said in an interview to CNBC-TV18 news channel Thursday. “Therefore without getting into specifics, because that will be disclosing the mind into which we are working, some of those challenges really can’t afford to wait and therefore obviously there will be a necessity to address them.”

His comments come amid speculation the government is studying various options, including a cash handout