-
ALSO READ
India to borrow more than budgeted, may breach fiscal deficit target India faces fiscal deficit target miss after extra borrowing Budget to focus on rural areas after Modi's narrow victory at home - sources Enforcement Directorate probing money laundering in PNB fraud case - source India's economy grows 7.2 percent in December quarter -
NEW DELHI (Reuters) - Government is "committed" to bringing down fiscal deficit in the medium term, a finance ministry official told Reuters on Wednesday.
The government in its budget last month announced a fiscal deficit target of 3.3 percent of the gross domestic product for 2018/19 fiscal year starting April, higher than its previous target of 3.0 percent.
Besides, the government also expects Asia's third largest economy to grow at 8 percent in the next couple of years, the official said.
(Reporting by Manoj Kumar; Editing by Gopakumar Warrier)
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)
RECOMMENDED FOR YOU