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Why 2015 won't be good for emerging market economies
Rediff.com

Why 2015 won't be good for emerging market economies

Budget 2015-16 will have to be a cracker because that will be the best chance of convincing investors the National Democratic Alliance government can deliver on growth in a year when the global economy will be under par. Macroeconomic data make it clear the government will struggle to meet the fiscal deficit target of 4.1 per cent of gross domestic product for this financial year, with 89 per cent of the targeted deficit being hit by October. In the mid-year assessment, tax collections were ... Rediff.com, 4 weeks ago
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