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Interim Budget: 'FY15 revenue target challenging; see yields at 8.6-8.9%'

Leif Eskesen, Chief Economist -India & ASEAN at HSBC says even the government's own underlying assumptions for nominal gross domestic product (GDP) growth is quite low - around 11-12 percent, while the nominal tax revenue growth expectations are buoyant, which will make it difficult to achieve some of the revenue targets.

first published: Feb 18, 2014 11:46 am

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