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Interim Budget: FY15 fisc deficit target may be a challenge, says JPMorgan

JPMorgan's Sajjid Chinoy says if growth doesn't pick up then the buffer available for next year is not enough. This year planned expenditure was expected to grow at 29%, hence there was enough buffer to cut back, but in FY15 it is expected to grow only at 16%. There is not much room to cut back on expenditure.

first published: Feb 18, 2014 01:50 pm

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