India's fiscal deficit came in at 5.76 percent of gross domestic product in the year 2011-12, the Ministry of Finance reported Friday. The actual deficit was slightly better than the revised estimate of 5.9 percent.
The government aims to narrow the deficit to 5.1 percent of GDP in the fiscal 2012-13 by limiting subsidies at below 2 percent of GDP.
The revenue deficit for 2011-12 was 4.34 percent of GDP compared to the revised estimate of 4.4 percent.
by RTT Staff Writer
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