Comments
The Centre may not pursue any aggressive belt-tightening on expenditure front so as to reach the fiscal deficit target of 4.6 per cent (as a percentage of GDP) set for fiscal 2011-12.
An indication to this effect was given by the Finance Minister, Mr Pranab Mukherjee, in a suo motu statement on inflation in Lok Sabha today.
He said the fiscal deficit target of 4.6 per cent for 2011-12 was a difficult target given the deterioration in the global economy and its impact on India over the last three to four months.
"We have to be careful not to overdo ourselves in reaching this target since that can have an excessive slowing down impact on growth," Mr Mukherjee said.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.