TAKE A LOOK-India unveils bigger fiscal deficit, markets tumble
India's new government said on Monday it will hike spending to spur growth, pushing the 2009/10 fiscal deficit to a much higher than expected 6.8 percent of GDP, slamming local stocks and pushing bond yields higher.
The fiscal deficit would be the largest run by an Indian government in 16 years.
Double click on the codes below in [] to see Reuters coverage of the budget. ---------------------------------------------------------------- MAIN STORIES > India hikes spending, deficit goal,markets reel[ID:nCOL544329] > Highlights of 2009/10 Indian budget
[ID:nDEL539437] > Instant views on new India budget
[ID:nDEL127413] > Indian markets tumble on worries over deficit [ID:nBOM541913] > India bond supply shock to force more cbank buying[nBOM537289] > Govt to ensure H1 borrowing won't disrupt mkt [ID:nBMB005786] > India faces no significant rating strains-S&P [ID:nHKG343132] > Duty rise to hit India gold,silver demand-trade[ID:nBOM545461] MARKET REACTION > Banks lead India stocks down as bond yields spike [.BO] GRAPHICS (click on URL) > India's borrowing binge
here > India's tax receipts and tax:GDP ratios
here > India's ballooning government expenditures here FACTBOX > India's 2009/10 budget and the economy [ID:nDEL528986] > Proposed tax changes in new budget [ID:nDEL547446] BUDGET PREVIEWS > SCENARIOS-What to look for in India's budget [ID:nDEL336363] > POLL-India govt seen ramping up borrowing again[ID:nBOM402323] ANALYSES > As India slows, demand grows for labour reform [ID:nBOM468303] > India infrastructure may hit funding roadblock [ID:nBOM477966] > India consumers draw investors from China story[ID:nHKG266563] > Fiscal prudence can wait, India eyes growth [ID:nDEL340803] --------------------------------------------------------------- For related news, click codes in brackets India [IN-RTRS-LEN] India debt [IN-DBT-RTRS-LEN] Economies [MCE-RTRS-LEN] For a full guide to Reuters news and data on India: INDIA (Asia Treasury Desk, +65 6870 3840; kim.coghill@reuters.com)
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