Fiscal deficit tgt looks good but could be ambitious:Sushil

Sushil Finance has come out with a report on Post Budget 2011-12.

• FY2012 GDP growth and Fiscal Deficit Targets looks good but could be Ambitious
  
• FY2011 Fiscal Deficit bro ght do brought down to 5.1% of GDP, mainly aided by 3G Auctions windfall.
  
• FY11 GDP to grow at a robust 8.6%, FY12 GDP growth targeted between 8.75% to 9.25%. The target seems ambitious and can be achieved only if the government intensifies its decision making process.
  
• FY2012 Fiscal Deficit Target at 4.6% of GDP sounds ambitious, but would be excellent if achieved.
  
• Road map to progressively reduce Fiscal Deficit to 3.5% of GDP by FY2014 seems most heartening. It looks achievable given the economic growth momentum, but the government needs to deliver on
  many pending reforms in the next 12 months to make it possible.
  
• All subsidy related liabilities brought into fiscal accounting.
  
• Net market borrowing of the Government through dated securities in FY12 lower at Rs.3.43 lakh crore.
• Centre

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