Government Likely To Stick To 3.2% Fiscal Deficit Target: Economic Advisory Council Member

New Delhi: India is likely to stick to its fiscal deficit target of 3.2 per cent of GDP, and may accelerate sales of government stakes in lenders and other companies as part of an effort to recapitalise banks, an adviser to the prime minister said on Tuesday. Many policy makers in New Delhi, including the head of Niti Aaayog, have suggested fiscal stimulus is needed to boost economic growth but the Reserve Bank of India has warned t...