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Former RBI governor Bimal Jalan bats for fiscal stimulus amid coronavirus outbreak

Updated : March 23, 2020 04:46 PM IST

Jalan highlighted that India's macroeconomic situation was already troublesome and the growth would be impacted further due to the COVID-19 pandemic.
The government has raised fiscal deficit target to 3.8 percent of the GDP from 3.3 percent pegged earlier for 2019-20 due to revenue shortage.
Former RBI governor Bimal Jalan bats for fiscal stimulus amid coronavirus outbreak

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