“Fiscal Picture, Rev Growth Outlook Gloomy”
  • Prabha Hedge
  • Jan 01 2014

January 1: The alarm bells might have gone off early for the Finance Minister this new year, as the fiscal deficit for the first eight months of the current fiscal hit an unprecedented 94% of the full year target. The April- November fiscal deficit came in at Rs.5.09 lakh crore. Bloomberg TV India speaks to Aditi Nayar, Senior Economist, ICRA, to learn the implications of the ever-increasing fiscal numbers.