india says it has bettered fiscal deficit target of 41
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

India says it has bettered fiscal deficit target of 4.1%

Arab Today, arab today

Arab Today, arab today India says it has bettered fiscal deficit target of 4.1%

Construction workers labor on the outskirts of New Delhi
New Delhi - AFP

India's finance ministry said in a statement Sunday that it had managed to better its fiscal and revenue deficit targets for the year 2014-15, as per provisional accounts for the year.

"Government betters its own financial targets during 2014-15; fiscal deficit for the financial year stands at 4.0 percent (of GDP) against the target of 4.1 percent," finance ministry said.

"While revenue deficit stands at 2.8 percent against target of 2.9 percent," it added.

The ministry said that these provisional figures "may undergo changes during the final compilation of accounts after audit."

India's finance minister Arun Jaitley, who presented Prime Minister Narendra Modi government's first full-budget earlier in February, said at the time that the country would achieve its goal of cutting the fiscal deficit.

Modi's right-wing government announced an increase of $11.3-billion in spending on crumbling roads, rail and other infrastructure in the budget.

Modi and his right-wing Bharatiya Janata Party swept to power last year on a pledge to revive India's flagging economic fortunes and provide jobs for its 1.2 billion people.

Besides crediting its "prudent policies and commitment to fiscal consolidation," the government's Sunday statement also attributed a part of its fiscal success to a nine percent year-on-year growth in gross tax collections.

 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

india says it has bettered fiscal deficit target of 41 india says it has bettered fiscal deficit target of 41

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

india says it has bettered fiscal deficit target of 41 india says it has bettered fiscal deficit target of 41

 



GMT 10:06 2012 Saturday ,28 July

Querrey advances at ATP LA Open

GMT 21:15 2017 Thursday ,01 June

Trump condemns deadly Kabul explosion

GMT 02:15 2017 Thursday ,24 August

Is your country on the Qatar free entry list of 80?

GMT 19:48 2016 Monday ,03 October

Controversial boxing champ Tyson Fury retires

GMT 08:20 2015 Tuesday ,08 December

PC market woes show no sign of easing

GMT 17:27 2017 Tuesday ,25 April

20 Yemeni soldiers killed, injured in explosion

GMT 11:52 2017 Saturday ,30 December

OIC condemns Mar Mina Church attack

GMT 00:03 2017 Saturday ,25 March

Arab Meeting to Examine Anti-Corruption Methods

GMT 13:12 2017 Thursday ,20 April

Deputy premier meets Arab League chief

GMT 14:13 2014 Friday ,10 January

Opel Astra GTC

GMT 18:27 2016 Tuesday ,02 August

Turkish Foreign Minister arrives in Islamabad

GMT 11:27 2016 Tuesday ,13 December

Saudi woman arrested for challenging social norms
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday