India ‘might’ achieve 3% fiscal deficit target by 2019-20, says govt official

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New Delhi: India “might actually” be able to reduce the fiscal deficit to 3% of the gross domestic product (GDP) by 2019-20, a finance ministry official said on Monday, a year ahead of a stated goal of the government announced last week.

“Fiscal deficit at 3.3% for 2018-19, backed with statutory commitment to bring it down to 3% by 20-21 (might actually be achieved in 19-20) …,” Subhash Chandra Garg, the economic affairs secretary in the finance ministry, said in a Tweet.livemint