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Govt hopes to follow 2015/16 budgeted fiscal gap target:FM

Jaitley has pledged to narrow the deficit to 3.9 percent of GDP in this fiscal year from 4.0 percent in 2014/15.

Govt hopes to follow 2015/16 budgeted fiscal gap target:FM

The Indian government hopes to stick to the budgeted fiscal deficit target for the fiscal year ending in March 2016 without cutting expenditure or deferring tax refunds, Finance Minister Arun Jaitley told lawmakers in parliament on Tuesday.

Jaitley has pledged to narrow the deficit to 3.9 percent of GDP in this fiscal year from 4.0 percent in 2014/15.

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