Chidambaram says to keep 2013/14 fiscal deficit below 4.8 percent

Last Updated: Wed, Apr 24, 2013 05:07 hrs

India will limit the fiscal deficit for 2013/14 to below 4.8 percent of gross domestic product, the finance minister said on Wednesday.

The fiscal deficit target is a red line that would never, never be breached, P. Chidambaram said at an event in New Delhi.

The fiscal deficit for 2012/13 is expected to be at around 5 percent of gross domestic product, government sources said earlier this month.

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