Union Budget

27 Feb 2015

Economic Survey 2014-15 – Calls for relaxation of fiscal deficit target of 3.6% of GDP in Union Budget 2015-16

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The Economic Survey 2014-15 paints a bring picture for the Indian economy in the coming years, forecasting double digit growth, falling inflation expectations and improved macro economic framework. One factor, however, could move bond markets negatively is the survey’s call for a bit of flexibility on fiscal deficit, which could increase government borrowing.

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Arjun Parthasarathy
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