Jaitley says FY15 fiscal deficit target daunting

Tags: Economy
India's fiscal deficit target for the current fiscal year is "daunting", Finance Minister Arun Jaitley told lawmakers in parliament on Friday.

Jaitley has promised to narrow the deficit to 4.1 percent of gross domestic product in the year to March 2015 from 4.5 percent a year earlier.

However, many private economists have dubbed the deficit target rather optimistic, citing weak tax receipts in a sluggish economy and high government expenditure commitments.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • The sudden rush of new papers could unsettle the secondary market

    While questions are being raised if the party has somewhat overextended on the Street, given the not-too-comforting macroeconomic numbers, retail inve

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Urs Schöttli

Hong Kong’s democratic dilemma

The 19th and 20th centuries were very unkind to China. ...

Purnendu Ghosh

Intellectual capital in life’s second innings

Many retired people find it hard to slow down in ...

Bubbles Sabharwal

The importance of looking at the bright side

Now here’s the thing. When your body defies gravity, it ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture