India Seeks to Shrink Budget Deficit as Global Headwinds Loom

Finance Minister Nirmala Sitharaman will seek to shrink the shortfall to less than 6% of gross domestic product in the year starting April 1, the people said, asking not to be identified as the deliberations are private. Her presentation due Feb. 1 will be the final full-year budget before citizens elect their new prime minister in the summer of 2024, a time when Indian governments typically loosen the purse strings. 

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