Fitch's India arm says farm support to raise states’ deficit in election year
Updated : January 21, 2019 01:12 PM IST
The aggregate budget deficit of Indian states is estimated to increase to 3.2 percent of gross domestic product in the next financial year beginning April, compared with 2.8 percent estimated for the current year, Devendra Pant, chief economist of India Ratings and Research, said.
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