Indian Share Market Analysis and Services

A slower-than-expected economic recovery and bigger-than-projected fiscal challenges left behind by the UPA government confront Finance Minister Arun Jaitley before he presents his first budget in 10 days.

Data released on Monday showed that by the end of May, when the Narendra Modi government was sworn in, the fiscal deficit had already reached Rs 2.4 lakh crore, 45.6% of the budget, far higher than even in the stressed FY14, when it was 33.3% of the budget at the same stage.

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