India will struggle to meet deficit target: Mukherjee

India will struggle to meet a fiscal deficit target of 4.6 percent for the fiscal year that ends in March, Finance Minister Pranab Mukherjee said on Wednesday, calling it a "major challenge".

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Mukherjee added that inflation will drop to between 6 percent and 7 percent by the end of March.

India's headline inflation was a 7.47 percent in December, a two-year low as food price pressure eased dramatically.

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