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Travellers cling to an overcrowded train Tuesday in India, where the government plans $9-billion (U.S.) of rail infrastructure spending. Yesterday, India's fiscal deficit was projected to reach a 16-year high of 6.8 per cent of gross domestic product in 2009-2010. The gap has been met through heavy borrowing in the market. A top government panel has warned this is unsustainable and that the deficit must be cut through managing spending.

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