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Budget deficit puts Modi's pledge in doubt

Gap has reached 99% of full-year target in just 8 months despite his aim of narrowing it to 7-year low

Published Wed, Jan 7, 2015 · 09:50 PM

Mumbai

INDIA'S budget deficit reached 99 per cent of the full-year target in just eight months, raising doubts that Prime Minister Narendra Modi can keep a pledge to narrow the gap to a seven-year low.

Failure to meet the goal for a shortfall of 4.1 per cent of gross domestic product would disappoint global investors who …

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International

International

Budget deficit puts Modi's pledge in doubt

International

Philippines’ Recto sees rate-cut delay risk if peso sinks to 59

Ecuador president declares state of emergency over energy crisis

US Senate has agreement on Fisa reauthorisation, will vote on Friday night, Schumer says

US expects to finalise new Aukus trade exemptions in next 120 days

IMF concerned about debt, fiscal challenges facing low-income countries

Bank of Japan’s Ueda says ‘very likely’ to hike rates if inflation keeps rising

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