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PC’s no upgrade

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That unrealistic assumption underlines not just the percentages, but also what we are expected to believe for government revenue. The Budget says it will go up to 10.9% of GDP in the coming year. In 2008-09, government revenue was 10.8% of GDP, and growth was well over 6.4%. If Chidambaram does not exceed his growth target, revenue won’t meet his expectations. Read More

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