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Farm loan waivers to have minimal impact on state deficits: India Ratings

Farm loan waivers to have minimal impact on state deficits: India Ratings

Tuesday, January 22, 2019, 7:52 AM

Even as farm loan waivers to come at the cost of capacity expansion in industry, such waivers have minimal impact on fiscal deficit according to ratings firm India Ratings. The ratings firm expects the aggregate fiscal deficit of states to come in higher at 3.2% in FY'20 than the agency's forecast of 2.8% in its FY'19 Mid-Year Outlook.
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