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India 'might' achieve 3% fiscal deficit target by 2019-20: Finmin official

Fiscal Deficit at 3.3 per cent for 2018-19, backed with statutory commitment to bring it down to 3 per cent by 20-21

Reuters  |  New Delhi 

India "might actually" be able to reduce the fiscal deficit to 3 per cent of the GDP by 2019-20, a finance ministry official said on Monday, a year ahead of a stated goal of the government announced last week in the Union Budget. "Fiscal Deficit at 3.3 per cent for 2018-19, backed with statutory commitment to bring it down to 3 per cent by 20-21 (might actually be achieved in 19-20) ..." Subhash Chandra Garg, the economic affairs secretary in the finance ministry, said in a Tweet.   Fiscal Deficit at 3.3% for 2018-19, backed with statutory ...

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First Published: Mon, February 05 2018. 13:48 IST
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