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Falling oil prices to pull India's budget out of deficit trap

Friday, February 6, 2015 - 05:50

Mr Modi (right) and Mr Jaitley during the Global Business Summit in New Delhi last month.

New Delhi

FALLING oil prices have been a major windfall for India: Just weeks ago it faced the prospects of failing to meet fiscal deficit targets, but can now expect a budget that not only hits its targets, but also provides extra cash to support reform.

The coming budget for

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