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India is likely to breach its fiscal deficit target in the financial year to March 2022 mainly due to revenue shortfall, Fitch Solutions said Friday. The government is targeting a deficit between revenue it earns and what it spends at 6.8 per cent of the gross domestic product (GDP) in FY22 (April 2021 to March 2022). We at Fitch Solutions forecast the Indian central government deficit to come in at 8.3 per cent of GDP in FY22, it said. Revenue shortfall remains the main driver of our wider deficit view, as we expect the government to maintain its spending targets. Fitch Solutions had previously projected a fiscal deficit of 8 per cent.

Fitch solutionsWe at fitch solutionsDuring the union budgetUnion budgetMahatma gandhi national rural employment guaranteeGandhi national rural employment guaranteeஃபிட்ச் தீர்வுகள்நாங்கள் இல் ஃபிட்ச் தீர்வுகள்போது தி தொழிற்சங்கம் பட்ஜெட்தொழிற்சங்கம் பட்ஜெட்மகாத்மா காந்தி தேசிய கிராமப்புற வேலைவாய்ப்பு உத்தரவாதம்காந்தி தேசிய கிராமப்புற வேலைவாய்ப்பு உத்தரவாதம்