No plans to revise fiscal deficit target or cut spending now: Sitharaman

India will not revise its fiscal deficit target immediately and is not planning any spending cuts at this stage, finance minister Nirmala Sitharaman said on Sunday. Government sources told Reuters this month that India is likely to miss its fiscal deficit target for the current financial year and, toward the end of 2019, be forced to raise it to 3.5% of GDP from 3.3%.

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