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India Flash: New government budget trims deficit, but refrains from bold measures to stimulate growth

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Published on Thursday, March 15, 2012

India Flash: New government budget trims deficit, but refrains from bold measures to stimulate growth

Indiaâ€™s Union Budget for FY13 is a step in the right direction of fiscal prudence, although it falls short of measures to stimulate slowing growth. The deficit target for FY13 is 5.1% of GDP.