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India struggles to reduce budget deficit

Around the globe the twin issues of fiscal consolidation and sovereign credit-worthiness are among the biggest challenges for 2013.

It is no different for India, which faces a fiscal crisis of its own, as the government struggles to rein in a widening deficit.

Part of the government's plans to reduce the deficit is to sell stake in state-owned assets.

The BBC's Sameer Hashmi reports from Mumbai.