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Govt likely to cut spending by Rs 2 lakh crore in current fiscal: Report

Govt likely to cut spending by Rs 2 lakh crore in current fiscal: Report

Wednesday, January 8, 2020, 8:20 AM

India's government is likely to cut spending for the current fiscal year by as much as Rs 2 lakh-crore as it faces one of the biggest tax shortfalls in recent years, three government sources said. Asia's third-largest economy, which is growing at its slowest pace in over six years because of lack of private investment, could be hurt further if the government cuts spending.
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