New Delhi, Jan. 27 2011 Business Line
IMF voices concern over weaker fiscal consolidation by emerging economies

The International Monetary Fund (IMF) on Thursday said fiscal balances in several key economies among the G20, most notably Brazil, China and India turned
out “weaker than projected” in November last, even as fiscal consolidation in emerging economies is likely to continue this year.
In the case of India, the general government cyclically adjusted balance which was 10.9 per cent of GDP in 2009 was estimated at 10.3 per cent in 2010
 and is projected to be 9.7 per cent in 2011 and to 8.9 per cent in 2012. India's gross general government debt which topped 77.8 per cent of GDP in 2009
was estimated at 75.7 per cent in 2010 and is projected at 75.2 per cent in 2011 and to 74.8 per cent by 2012.