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India will not compromise on fiscal prudence: Chidambaram

PUBLISHED ON: December 11, 2013 | Duration: 13 min, 26 sec

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The government will contain its fiscal deficit and narrow it to 3 per cent of gross domestic product by the fiscal year ending in March 2017, Finance Minister P. Chidambaram said. The fiscal deficit target for the current fiscal year ending in March 2014 is set at 4.8 percent of GDP and Chidambaram has repeatedly pledged the country would meet the target.
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