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World Bank expects India's fiscal deficit to shrink further

Summary by The Siasat Daily
New Delhi: India’s fiscal deficit is expected to shrink further, on the back of growing tax revenues, according to a World Bank report. The report noted that this trend is anticipated to contribute to fiscal consolidation policies of the government. “In India, fiscal deficits are expected to continue shrinking, largely on account of growing tax revenues,” the report said While fiscal deficits across South Asia are predicted to remain tight, Indi…
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