Finance India plans to lower budget gap by at least 50 bps, raise capital spending as much as 20% in FY25 – sources NEW DELHI, Jan 11 (Reuters) – India is planning to lower its budget deficit by at least 50 basis points in 2024/25 from this year’s target of 5.9% of gross domestic product (GDP), while also looking to raise capital spending by as January 11, 2024