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Analysis: Congress guarantees may cause fiscal slippages. Can India afford it?

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According to an economist who spoke on the condition of anonymity, the schemes outlined by the Congress in their manifesto could lead to a slippage of 1.5-2 percentage points to the fiscal deficit target of 5.1 percent for FY25 assuming everything else stays the same. But, measures like rationalising expenditure coupled with higher revenues on account of a widening tax base could very well limit any potential, sharp escalations to the deficit.

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