Total fiscal deficit may be 10 pct: RBI

Feb 18 2009, 13:24 IST
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SummaryIndia's combined fiscal deficit of states and central govt may reach as much as 10 pct of GDP.

India's combined fiscal deficit of states and central government may reach as much as 10 per cent of gross domestic product this fiscal year, RBI chief Duvvuri Subbarao said on Wednesday.

"This year 2008/09 the expectation is that the fiscal deficit, combined fiscal deficit of the centre and states is going to be as much as 10 per cent. So that is a concern," Reserve Bank of India Governor Subbarao told a conference during a visit to Tokyo.

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