The fiscal target was 4 percent of gross domestic product for the year ending March 31, compared with a goal of 4.1 percent, the government said in a statement. The revenue target was 2.8 percent, compared with the aim of 2.9 percent.
Over the past year, Prime Minister Narendra Modi has taken a slew of measures to stabilise the economy and attract investment. But while inflation has cooled, in large measure due to the dramatic fall in global oil prices, recovery in India's domestic demand-driven economy remains sluggish.
Reuters
