GDP rise News
Government on Friday said it is on course to meet the fiscal deficit target of 3.9 percent of GDP for 2015-16, and 3.5 percent next fiscal, despite pressure of additional outgo on account of the 7th Pay Commission and OROP.
The government is likely to revise downwards the GDP growth forecast for the current fiscal when it presents the Mid-Year Economic Review in Parliament on December 18.
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