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India's fiscal deficit for the 2008/09 fiscal year that ended on March 31 was 3.3 trillion rupees ($70 billion), the government said in a statement on Friday. The deficit is equivalent to 6.2 percent of India's gross domestic product (GDP), according to a Reuters calculation, and was higher than the government's target of 6 percent. In February, the government had revised upwards its fiscal deficit estimate for the year to 3.27 trillion rupees, equivalent to 6 percent of gross domestic product from an initial estimate of 2.5 percent. The deficit widened after the government announced extra spending of close to 1.5 trillion rupees to cover a farm debt scheme, subsidies and steps to stimulate...
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ravi a sambhwani
| Commented
| 2 years ago
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i want to equity research analyst i have done cfa from icfai but no company is giving me chance to work as i dont have experiance in this field i said may at juniour level or at trainee level give me job but they are saying no i dont know what to...
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Jyoti Rath
| Commented
| 3 years ago
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Mr Rohit and Mr. Japan shah are right here there should be more tax and government not giving tax exemptions for foreign companies which are setting up their base here, as this was the case which was before where they attracted with tax exemptions...
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Rohit Khanna
| Commented
| 3 years ago
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Good insight there, mostly incur more taxes on businesses and people to curb the deficit...
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