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Over-aggressive fiscal deficit target to hit growth, says CII
The New Indian Express Vishakapatnam
|December 09, 2024
AMIDST the growing voices for a less aggressive fiscal consolidation road map, industry body Confederation of Indian Industry (CII) has suggested sticking to the fiscal deficit target of 4.9% of GDP for FY25 and a target of 4.5% FY26.
However, CII has also pointed out that overly aggressive targets beyond the ones mentioned could adversely affect growth.
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