NEW DELHI: The Indian government can got to rein in payment and cut subsidies to satisfy its business enterprise deficit target, minister of finance P Chidambaram said on Monday, underlining that an asceticism drive won’t be blown off track by an election due next year.

P Chidambaram told Reuters prior to a visit to the US – where one stop are going to be to woo investors on the geographic region – that he won’t enable the deficit to cross a “red line” set at four.8 % of gross domestic product this financial year.

“We’ve issued asceticism directions, it’ll bring US some savings,” he said.