HomeEconomyIndia to face challenges on fiscal downturn - Fitch analyst Economy India to face challenges on fiscal downturn – Fitch analyst By hossam a February 1, 2023 0 45 views Share FacebookTwitterPinterestWhatsApp Movement Control Order +2.23% Add to/Remove from Watchlist Add to watch list Add location Location added successfully: Please name your holding portfolio Types of : purchase Sell date: quantity: price Point value: Leverage: 1:1 1: 1: 1: 1: 23 by Siddhi Nayak MUMBAI (Reuters) – India outlines fiscal deficit target of 4.5% of GDP 72-10 will be challenging, an analyst at Fitch Ratings said Wednesday, It added that the country’s sovereign rating continued to remain stable and stable. “Essentially, it (the fiscal downside path) implies a further consolidation of the roughly 0.7% annualized rate over the next two fiscal years. GDP,” Jeremy Zook, director of Asia Sovereign Ratings at Global Ratings Agency, told Reuters. “If we look at recent deficit reduction trends, it seems a lot more difficult and absurd to achieve this level of deficit reduction.” The government’s budget gap reaches 9.5% of GDP in / As the spread of COVID- Infections brought the economy to a standstill, which has since narrowed, but remains well above the medium-term target of 4.5% of GDP /. The goal of the government is Budget deficit of 5.9% of GDP /,and with a deficit of 6.4% / , based on revised estimates. Earlier today, Moody’s (NYSE: 200 Movement Control Order ) Investors Service also stated that the government aims to meet the fiscal deficit target of / may see some risks. 1000 Share FacebookTwitterPinterestWhatsApp Previous article'Ark' review: Syfy's space disaster series stumbles before reaching warp speed as riveting adventureNext articleIf Sam Smith Was a Slender Cis Woman, Nobody Would Think About Their New Music Video Anymore hossam a RELATED ARTICLES Economy UK expected to reach broad deal to join Pacific trade pact soon March 29, 2023 Economy Corporate giants say anti-LGBT law would hurt Uganda’s economy March 29, 2023 Economy Poland's monetary policy should remain restrictive, MPC members say March 29, 2023 LEAVE A REPLY Cancel reply Comment: Please enter your comment! Name:* Please enter your name here Email:* You have entered an incorrect email address! Please enter your email address here Website: Save my name, email, and website in this browser for the next time I comment. USA Trends Messi-mad Indian mom driving to Qatar to see hero in his final World Cup December 7, 2022 Drew Brees fakes lightning strike in promotional stunt for online sportsbook December 3, 2022 Who could be speaker, if not Kevin McCarthy December 3, 2022 3 bold Utah football predictions for Pac-12 Championship vs. USC December 3, 2022 Load more LAST NEWS What to expect from Yonkers' Volpe in the big leagues March 29, 2023 Samsung builds a massive 17,400-square-foot halftime display for New York Mets Stadium March 29, 2023 WATCH: These glamorous hairstyles will be everywhere this summer March 29, 2023 Of All Street Style Shoes, These 10 Trends Are Perfect For Spring March 29, 2023 Load more Featured NEWS Ja Morant's friend allegedly threatened Pacers staff with red lasers in postgame dispute | Undisputed February 6, 2023 U.S. Government Releases Roadmap To Mitigate Crypto Risk For Investors January 28, 2023 Singapore tightens property curbs to curb demand as interest rates rise September 30, 2022 August 2022 Global Tech Policy Bulletin: From Taiwan Troubles to FTC Conspiracies September 4, 2022 Load more
