Government seeks to shore up 1.05 trillion rupees (USD 15.30 billion) through stake sales in the current fiscal year.

In Budget presented on Friday, government lowered the fiscal deficit target to 3.3 pc of the GDP for 2019-20.

The fiscal deficit this year is 3.3 per cent brought down from 3.4 per cent.

The growth projection is higher than a five-year low economic growth of 6.8 per cent for the year ended March 31.

Govt might this year again slip on fiscal deficit front given sluggish GST collections and lower-than-expected growth in direct taxes.

Govt will revise its fiscal deficit target up to 3.5 per cent of GDP for the current fiscal year and 3.3 per cent for 2020-21.

Fiscal deficit target to as much as 3.6 per cent of GDP from an already upwardly revised target of 3.4 per cent.