India’s budget target breach signals further blowout this year

The deterioration in government’s finances follows a protracted period of economic slowdown that hurt revenue collection. With the coronavirus pandemic forcing the nation of 1.3 billion people into a lockdown for more than two months, economic activity has suffered severely and is bound to depress the government’s income from taxes and assets sale.

from Economy-News-Economic Times https://ift.tt/36VSbUg