Today news
About the same in other media
India's public finances remain a weakness for credit profile, Fitch analyst says
Reading now: 357
fiscal deficit targets are achievable but the government's financial metrics still remain a weakness for the South Asian nation's credit profile compared to peers, an analyst at Fitch Ratings said on Tuesday.
«Lowering of the deficit target to 4.9% from 5.1% of GDP is a clear signal of the government's commitment to deficit reduction,» Jeremy Zook, director — Asia sovereign ratings, told Reuters. «In our view, this seems relatively achievable.»
During Tuesday's annual budget, India's government announced plans to spend $24 billion to create jobs over the next five years and $32 billion on rural development this year alone.
#Budget' 2024 with ET
What's cheaper and what's costlier? Here's the list
New slabs announced in new income tax regime
(You can now subscribe to our Economic Times WhatsApp channel)
Read more on economictimes.indiatimes.com
About this in other media
Rachel Reeves to blame Tories for 'covering up the true state of the public finances' investmentweek.co.uk /3 months ago
Rachel Reeves set to expose £20bn hole in the public finances - reports investmentweek.co.uk /3 months ago
FY25 Budget confirms new govt's commitment to reducing fiscal deficit: Fitch economictimes.indiatimes.com /3 months ago
Show more
The website fvbb.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
