The Indian government is committed to achieving its fiscal deficit target of 4.1 per cent of gross domestic product for the current financial year, chief economic advisor Arvind Subramanian said on Friday.
A finance ministry report said earlier on Friday that India faces a "major challenge" in achieving its 2014/15 fiscal deficit aim of 4.1 per cent.
Subramanian said the government will have to consider all measures including spending cuts to meet the target.
Investment stimulus
He also said, the country should increase public sector spending to revive economic growth in the medium term, a move that would require reviewing all fiscal targets.