Fiscal deficit target is not sacrosanct, Modi govt can overshoot it & revive economy
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Fiscal deficit target is not sacrosanct, Modi govt can overshoot it & revive economy

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Overshooting the government’s fiscal deficit target is not such a bad idea. The target of 3.3% of GDP doesn’t have to be sacrosanct, especially in an economy that has slowed alarmingly. Modi government should admit that the target is unrealistic, and focus on providing economic stimulus and reviving growth instead.