India is likely to miss its fiscal deficit target of 3.3 per cent of gross domestic product for the current financial year by 30-50 basis points, two sources said, due to the sharp slowdown in the economy that has severely crimped tax collection goals.

India to miss fiscal deficit target by 30-50 basic points: Report

Prime Minister Narendra Modi's ruling party is in favour of an expansionary economic policy and does not consider the government's plan to keep the fiscal deficit to 3.

Ahead of 2019 election, BJP does not think of 3.3% fiscal deficit target as 'sacrosanct': Spokesman

The Nifty also jumped 100.15 points to close at 10,576

Sensex breaks 7-day losing streak, gains 330.45 points to close at 34,413

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fiscal deficit-target

India to miss fiscal deficit target by 30-50 basic points: Report

Ahead of 2019 election, BJP does not think of 3.3% fiscal deficit target as 'sacrosanct': Spokesman

Sensex breaks 7-day losing streak, gains 330.45 points to close at 34,413