NEW DELHI: India is likely to miss its fiscal deficit target of 3.3% of gross domestic product for the current financial year by 30-50 basis points, two sources said, due to the sharp slowdown in the economy that has severely crimped tax collection goals.
The government is now trying to cap the fiscal deficit for 2019/20 at 3.8% of GDP from the target set during the budget presented in July, the two officials told Reuters.
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