INDIA FACES TOUGHER EXTERNAL ENVIRONMENT IN NEAR TERM
IMF PROJECTS FURTHER GLOBAL SLOWDOWN AND INSTABILITY
2015-10-06 10:15
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By mid-year, India realises its economy is grossly under-performing, well below the expectations raised in the Union Budget for fiscal 2016, though the continuing fall in global oil and commodity prices has been a boon to beef up its finances and enable fiscal deficit being possibly contained within target (3.9 per cent of GDP).