India remains committed to reducing the budget deficit over the medium term, despite its focus on higher public capex and demands of the coalition government, Fitch Ratings said on Tuesday.
In a report, it said India has achieved or outperformed its budget deficit targets in the last few years, thereby improving its fiscal credibility.
Fitch said India using RBI dividend to lower its fiscal deficit target for the fiscal year ending March 2025, reinforces its view that the country prefers fiscal consolidation over additional spending. Читать дальше...