INSUBCONTINENT EXCLUSIVE:
states is expected to rise following announcement of farm support packages ahead of general elections due by May, India Ratings and
Research, Indian arm of Fitch Ratings, said on Monday.The aggregate budget deficit of country's states is estimated to increase to 3.2 per
cent of gross domestic product in next financial year beginning April, compared with 2.8 per cent estimated for current year, said Devendra
Pant, chief economist of India Ratings and Research."The competitive populism, in nature of farm loan waivers and other financial support
schemes, is hitting capital spending and state finances," he said.($1 = Rs 71.3690) Find latest news, updates and videos on Budget 2019,
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