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FY20 fiscal deficit widens to 4.59% of GDP, higher than budget aim of 3.8%

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This would mean that the government will have limited space to provide economic relief to businesses and individuals hit by the coronavirus crisis New Delhi: India's fiscal deficit for the last financial year that ran through March, missed the government estimate by nearly 80 basis points, data released on Friday showed.

India ended the year with a fiscal deficit of 4.59% of gross domestic product, against the target of 3.8%, the government data showed.

This would mean that the government will have limited space to provide economic relief to businesses and individuals hit by the coronavirus crisis at a time when the country's central bank has already used a lot of its fire power.

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