India committed to reducing fiscal deficit, Chidambaram                                      ORONTO: Overturning fears of foreign investors about fiscal deficit, finance minister P Chidambaram has said that India was committed to reducing its fiscal deficit and would achieve the target of 3% in 2016-17.

He said: "India will reduce the fiscal deficit until we reach the target of 3% in 2016-17 or perhaps a little earlier."

Chidambaram said the final reading of last year's fiscal deficit would come to below 5.3%. says

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