But the fisc math could swing either way post the revision in growth figures

The 3.2-per-cent fiscal deficit target for FY18 has inched up, thanks to the CSO lowering the growth numbers for FY18 in its first advance estimate. The blip was however, long expected, given the earlier aggressive forecast of 11.75 per cent growth in nominal GDP for FY18 which has now been revised down sharply to 9.5 per cent. While the miss in fiscal deficit target is a marginal 4 basis p...