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Modi nearly out of time to meet deficit goals

WORK IN PROGRESS: With Indian factories running nearly 30 per cent below capacity, few expect a big rebound from the worst slowdown since the 1980s.

New Delhi

INDIA'S Prime Minister Narendra Modi has a long list of pro-growth measures to implement over the next four months, but time may have already run out to breathe enough life into the economy to meet the tough 2014/15 fiscal deficit target.

Mr Modi's election victory in May