EconWatch.com > Indian economy recovering, deficit inevitable: Mukherjee (Roundup)

[Breaking News] NEW DELHI - Union Finance Minister Pranab Mukherjee on Monday said that the fiscal deficit as a percentage of GDP is projected at 6.8 per cent as compared to 2.5 per cent of the Budget Estimates (BE) for 2008-09 and 6.2 per cent as per the provisional accounts of 2008-09. Presenting the General Budget for 2009-10 in Lok Sabha on Monday, Mukherjee assured that government would address the issue properly to come back to the path of fiscal consolidation, as this level of deficit was a matter of concern.

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[Business News, National Business and Economic News Updates] Indian economy recovering, deficit inevitable: Mukherjee (Roundup): Replying to the debate on the national budget in the Lok Sabha, the lower house, he also categorically said the United Progressive Alliance (UPA) government remained committed to divesting stakes in state-run firms without diluting their public sector character.

[emagazineindia.com] emagazineindia.com - Indian economy recovering, deficit inevitable ...: New Delhi, July 14 Finance Minister Pranab Mukherjee Tuesday said the Indian economy was showing signs of recovery even as he defended the government’s high fiscal deficit and borrowing programme as necessary to fund welfare schemes and spur growth.

[Metals News] Mukherjee Says Wider Deficit Key to Spur India Growth - Bloomberg ...: ... size=-1a href=http://news.google.com/news/url?fd=Rsa=Turl=http://www.thaindian.com/newsportal/business/indian-economy-recovering-deficit-inevitable-mukherjee-roundup_100217912.htmlusg=AFQjCNFk2nkD4JhDPYYIubbOIzyeKlkc8gIndian economy ...

[Prokerala.com - Daily News Stories] High borrowings, deficit inevitable to push growth: Mukherjee: Equating the flow of migrants into Goa with Punjab, which attracts hordes of farm labourers from Bihar and eastern Uttar Pradesh, a member of the Commission on Centre-State Relations Tuesday said that migration was a "cross" which the rich states had to bear.

[Breaking News] Fiscal deficit to be brought under control: Ahluwalia: NEW DELHI - Finance Minister Pranab Mukherjee Monday said recovery of Indian economy in the current fiscal would be difficult unless there were visible improvements in the global economic scenario. Speaking to a television channel after presenting the union budget for 2009-10, Mukherjee said the economy would likely recover in the third quarter of 2009-10, but if the western economies did not improve, we will take a longer period.

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