India's chief economic adviser suggests investment stimulus

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Reuters NEW DELHI
Last Updated : Dec 19 2014 | 3:37 PM IST

NEW DELHI (Reuters) - India should increase public sector spending to revive economic growth in the medium term, a move that would require reviewing all fiscal targets, its chief economic adviser said on Friday.

Arvind Subramanian said the government was committed to meet a tough 4.1 percent fiscal deficit target in the 2014/15 fiscal year and that it would consider all measures, including expenditure cuts.

(Reporting by Rajesh Kumar Singh; editing by Malini Menon)

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First Published: Dec 19 2014 | 3:28 PM IST

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