Fiscal deficit narrows to 4.5% of GDP
May 30 2014 , New Delhi
The fiscal deficit for 2013-14 was better at 4.5 per cent of GDP compared with the revised estimate of 4.6 per cent.
A good fiscal deficit outcome can help attract foreign savings, which can turn the investment cycle at a time when sluggish demand is hampering domestic investment. A comfortable fiscal deficit will also help contain inflation, industry body CII said.