India budget deficit to decrease with military spending rising

Note: This section contains information in English only.
Source: Bloomberg
The government of India presented a 2014-2015 fiscal year budget, with the deficit is planning to reach the lowest value in seven years. As expected, military spending will increase, while taxes on mobile phones, television sets and cars are planned to decline. Therefore, the deficit will drop to 4.1% of GDP, down from 4.6% this year. Meanwhile, Indian general election will take place in May.
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