This target was a reduction from the 3.9% of GDP achieved in the previous financial year (2015-16) and aimed at adhering to the fiscal consolidation path outlined in the Fiscal Responsibility and Budget Management (FRBM) Act targets.
What is the fiscal deficit target of India for the financial year 2016-17 ?
Asked in BPSC Prelims Exam 60 62rd · Topic: Fiscal Policy & Revenue (Fiscal Deficits: Concepts, measures, and financing of deficits)
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