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Tax & Spend

India Aims to Trim Budget Gap to 5.9% of GDP Next Fiscal Year

Bloomberg business news
WATCH: Finance Minister Sitharaman says India seeks to narrow its budget deficit to 5.9% of gross domestic product in the next fiscal year.Source: Ministry of Finance

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India seeks to narrow its budget deficit to below 6% of gross domestic product for the first time since the year ended March 2020, even as it plans to boost capital spending to support growth.