Thus, some Groups mounted special studies or technical papers, some divided the work of preparing basic technical papers among each of the members and most depended heavily on the background material collected and analysed by professionals in Reserve Bank of India.
I note that the Department of Finance has revised its estimate for the full year General Government Balance to a deficit of about 2¾ per cent of GDP. Our own internal estimates are broadly in line with this assessment. The slowing of growth coupled with the risks facing the economy presents significant issues for fiscal policy.