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2008-05-26

RBI: fiscal deficit among highest in world

India’s fiscal deficit continues to be among the highest in the world and underlying pressures are not entirely showing up in headline fiscal numbers, Reserve Bank of India Governor Yaga Venugopal Reddy said on Monday.


India aims to bring down its fiscal deficit to 2.5 percent of GDP for the 2008/09 year compared to 3.1 percent in 2007/08.


India’s fiscal deficit continues to be high and the pressures on the measure are not reflected in the data, Reserve Bank of India Governor Yaga Venugopal Reddy said in New Delhi.

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Disclaimer

Ours is an advisory role. The final decision and consequences based on our Information is solely yours. Moreover, in keeping with regulatory guidelines, we do not guarantee any returns on investments. Prospective investors and others are cautioned that any forward-looking statements are not predictions and may be subject to change without notice.