India needs govt commitment on fiscal consolidation: RBI
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Last Updated: Mon, Feb 06, 2012 12:26 hrs
The government needs to commit to fiscal consolidation for supporting growth, Subir Gokarn, a deputy governor at the country's central bank, said on Monday.
Gokarn said that reining in fiscal deficit was doable.
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India is on course to miss the 2011/12 fiscal deficit target of 4.6 percent of GDP. Many private economists believe the country will miss the target by almost a percentage point.
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