Moneycontrol
Last Updated : Mar 07, 2018 12:50 PM IST | Source: Reuters

India committed to lowering fiscal deficit in medium term: Finance ministry official

The government in its budget last month announced a fiscal deficit target of 3.3 percent of the gross domestic product for 2018/19 fiscal year starting April, higher than its previous target of 3.0 percent.

Government is "committed" to bringing down fiscal deficit in the medium term, a finance ministry official told Reuters on Wednesday.

The government in its budget last month announced a fiscal deficit target of 3.3 percent of the gross domestic product for 2018/19 fiscal year starting April, higher than its previous target of 3.0 percent.

Besides, the government also expects Asia's third largest economy to grow at 8 percent in the next couple of years, the official said.
First Published on Mar 7, 2018 12:42 pm
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