Govt considering Rs 50,000 cr stimulus spending in FY18: Sources

Yesterday, FM Jaitley said government was looking for ways to lift economic growth

Reuters  |  New Delhi 

Last Updated at September 21, 2017 17:33 IST

File photo of Union Finance Minister Arun Jaitley. Photo: PTI

The government is considering a plan to loosen the fiscal deficit target so that it could spend an additional Rs 50,000 crore ($7.7 billion) in the financial year ending in March 2018, two government sources said on Thursday.

Both the officials declined to be named as the plan, aimed at reviving economic growth, is still to be made public.

On Wednesday, Finance Minister Arun Jaitley said the government was looking for ways to lift economic growth, which slipped to a three-year low of 5.7 percent in the quarter to end-June.

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