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Populist measures could inflate fiscal deficit
Monday, October 08, 2007 in.reuters.com
(
Finance
)
The fiscal deficit which has reduced to 3.5 percent from almost 7 percent five years ago could take a severe beating if the goverenment were to undertake populist measures, keeping the elections in mind. According to analysts, moves such as a hefty pay rise for government workers, plans to keep fuel prices low, and new welfare schemes for India's poor, could inflate the deficit to 4 percent of th
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