Spectrum sale can fetch government Rs 7 lakh crore in 10 years

The government's attempts to repair its finances could get a shot in the arm with the proposed roadmap for the sale of spectrum that could net it at least Rs 7 lakh crore over the next ten years. The government has budgeted a fiscal deficit of 5.1% of GDP for 2012-13 entailing a net borrowing of Rs 4.7 lakh crore that experts say could test the markets.

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