Advertisement

HindustanTimes Sat,19 Apr 2014

India's fiscal deficit target getting more challenging - Fitch

Reuters  Mumbai, August 26, 2013
First Published: 12:46 IST(26/8/2013) | Last Updated: 13:53 IST(26/8/2013)

Fitch ratings said it was getting more challenging for India to meet its fiscal deficit target in the current fiscal year ending March 2014 with revenues slowing.

Advertisement

The rating agency is also monitoring India's growth, inflation, public finances and the current account deficit and its funding, analyst Art Woo said in a teleconference on Monday.

Fitch has a stable outlook on the 'BBB-' sovereign credit ratings.

BBB- is the last rung on the ratings ladder above the so-called "junk" status that mainstream investors tend to avoid.

Last week, Fitch said India and Indonesia are not at immediate risk of credit rating downgrades, but warned it could act if the governments of these countries fail to calm current financial market tensions.

Advertisement
more from Business

700 trainees opt for exit plan at Nokia’s Chennai plant

Finnish handset maker Nokia, struggling to shepherd its Chennai plant into its agreement to be bought by US software giant Microsoft amid tax disputes in India, has got some success with 736 of its trainees accepting the voluntary separation scheme.
markets
Advertisement
Most Popular
Advertisement
Copyright © 2014 HT Media Limited. All Rights Reserved