India forecasts faster economic growth, warns of fiscal challenge


India's government forecasts economic growth will pick up to 6.0% to 6.5% in the fiscal year beginning April 1, but warned it may have to miss its deficit target to revive growth. India is facing its worst economic slowdown in a decade.

Growth fell to 4.5% in the July-September quarter. Consequently, the budget deficit may need to exceed this year's target, 3.3% of gross domestic product, the government said in an economic survey released on Friday. Finance Minister Nirmala Sitharaman will present the budget for.....

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