Business Today

Running On Credit

     Print Edition: Nov 25, 2012

India's fiscal deficit has grown almost four-fold in the last five years. Government finances are in a disarray largely because of a mounting subsidy and interest payment burden.

The International Monetary Fund now estimates that this year India's overall deficit - including the states - will be higher than those of some of the troubled economies in Europe.

Research by Jyotindra Dubey
Graphic by Sristi

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