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India says hitting 2014-15 fiscal gap target a 'major challenge'
Highlights
India faces a \"major challenge\" in achieving its 2014-15 fiscal deficit aim of 4.1 percent of gross domestic product, its lowest in seven years, the finance ministry said in a report on Friday.
New Delhi: India faces a "major challenge" in achieving its 2014-15 fiscal deficit aim of 4.1 percent of gross domestic product, its lowest in seven years, the finance ministry said in a report on Friday.
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The report, which was tabled in parliament, also said that a pick up in economic activity was needed to prevent any fiscal slippage in the year to March 2015.
The deficit reached nearly 90 percent of the full-year target between April and October, the first seven months of the current fiscal year.
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