Ahluwalia informed economic progress for the present financial yr would probably be about 7-7.5pct

India’s financial deficit in the present financial yr will go beyond 4.6percent of the GDP target, however the final figures depends on the actual outlay, Planning| Commission deputy chairman Montek Singh Ahluwalia mentioned.

‘It is going to be over, I am confident, the budget amount in the present yr,’ Ahluwalia mentioned, adding, ‘it may not be over a 1 percen point deterioration.’

On Sunday, Ahluwalia had informed that economic progress for the present financial yr would probably be about 7-7.5pct, although it was ‘not impossible’ that the financial deficit could swell to 5.5pct, against the govt’s target of 4.6pct for the yr.

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