India Seen Curbing Widest BRIC Budget Gap to Boost Rate-Cut Room

India Seen Curbing Widest BRIC Budget Gap to Boost Rate-Cut Room

Brent Lewin/Bloomberg

A man stands by a tree in a park in Rajiv Chowk in Delhi in New Delhi. The nation plans gross market borrowing of about 6 trillion rupees in 2013-2014, a record high, according to three Finance Ministry officials with knowledge of initial estimates.