India FY20 fiscal deficit may surge 70 bps on govt tax measures1 min read 20 Sep 2019, 12:01 PM IST
Sitharaman said the revenue loss to the exchequer will be ₹1.45 trillion in 2019-20
In her budget presented in July, Sitharaman had slashed fiscal deficit target to 3.3% of GDP
Goa: India's fiscal deficit is likely to surge at least 70 basis points to 4% of GDP in 2019-20 as a result of the corporate tax cuts announced by finance minister Nirmala Sitharaman on Friday in Goa.
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