India plans to cut spending to curb deficit; may hurt growth

The government has spent about 65% of the total expenditure target of Rs 27.86 lakh crore till November but reduced the pace of spending in October and November, according to government data. A 2 lakh crore-rupee reduction would be about a 7% cut in total spending planned for the year.

from News-Economic Times https://ift.tt/2QRFz8X