Big worry for India, Centre set to miss fiscal deficit target by a full 40 bps, says report
As of November, it has used up 115 percent of its budgeted market borrowings amidst slowing GST collections and a poor show on the divestment side. Against the Rs 80,000 crore budgeted target, it has achieved only around Rs 15,000 crore so far.
It can be noted that even in the face of the budgeted target being overshot, the government has been repeatedly stressing on meeting the FY19 target of 3.3 percent. Image source: PTI