Budget 2015 to assume FY16 growth of over 8 per cent
A downward revision in nominal GDP in the current fiscal year would require spending cuts of around $1.5 billion to hit Jaitley's fiscal deficit target of 4.1 per cent of GDP.
New Delhi Last Updated: February 10, 2015 | 17:28 IST
A statistical twist to the way GDP is measured showed on Monday that India clocked faster growth than China in the third quarter. (Photo: Reuters)