Sustained fiscal deficit reduction positive for India’s ratings, says Fitch
By Swati Bhat MUMBAI (Reuters) – A sustained reduction in fiscal deficit, particularly if underpinned by durable revenue-raising reforms, would be a positive for India’s sovereign rating fundamentals over the medium term, Fitch Ratings said in a note on Monday. The Reserve Bank of India’s (RBI) larger-than-expected surplus transfer to the government should help ensure that the …
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