Fiscal Deficit Targets Will Be Achieved This Year: Jaitley
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Encouraged by signs of a turnaround in the manufacturing sector, Union The Modi government has set the fiscal deficit target at 4.1% of the
“Our currency is one of those two global currencies that withstood the might of the US dollar. Most of the global currencies are under pressure,” the finance minister added.
Jaitley said that the last week was a good learning experience for him. “The sense I got in last few days is that ordinarily everything is going well with India. From depressing slowdown in last two-three years, suddenly our growth rates are likely to look up,” he said.
On the contrary, the rival economies have not been performing so well. “Brazil faces a challenge, South Africa faces challenge. Europe is still struggling to come out of slowdown. China which has maintained a growth rate of over 9% over 3 decades is looking at new normal,” he said.
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