Exclusive: India likely to stick to fiscal deficit target – Modi adviser

NEW DELHI (Reuters) – India is likely to stick to its fiscal deficit target of 3.2 percent of gross domestic product, and could accelerate sales of government stakes in banks and other companies, an economic adviser to the prime minister said on Tuesday.

Prime Minister Narendra Modi’s government has stuck to its fiscal deficit targets over the past three years and is expected to do so this year as well, Surjit Bhalla, a member of Modi’s Economic Advisory Council, told Reuters in an interview.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.