The government on Thursday said fiscal deficit -- gap between expenditure and revenue could overshoot the Budget target and touch 5.3 per cent of the GDP this financial year.
The government in its 2012-13 Budget had estimated the country's economic growth in the range of 7.6 per cent and fiscal deficit at 5.1 per cent.
In the first four months of 2012-13, fiscal deficit has already crossed 50 per cent of Budget Estimate of Rs 5.13 lakh crore, or 5.1 per cent of GDP.
According to the Prime Minister's Economic Advisory Council (PMEAC), India's Gross Domestic Product (GDP) is likely to be 6.7
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