The IMF has welcomed India’s fiscal deficit target of 3.3% of GDP for 2019.

“We can say we welcome the FY fiscal year 2019 budget targets and the target for a fiscal deficit of 3.3 percent of GDP. Thus, returning to the path of gradual fiscal consolidation while keeping in mind the need to provide support to the nascent economic recovery in India,” said Gerry Rice – IMF Director of Communications Department.

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