India intends to reduce expenses to check deficit

According to three government sources, the Indian government may lessen expenses for the present fiscal year by nearly Rs 2 lakh crore following the tax shortfalls which are among the largest in the last couple of years.

India is the third-largest economy in Asia. However, it has been rising at the most sluggish speed in more than 6 years due to the fall in the number of private investments. This could further deteriorate if the gove....