India's near-term fiscal deficit target higher than expected: Fitch

SECTIONS
India's near-term fiscal deficit target higher than expected: Fitch
PTI
Share
Font Size
AbcSmall
AbcMedium
AbcLarge
Save
Print
Comment
Synopsis

India, which has often complained its sovereign credit ratings by agencies such as Fitch not reflecting the economy's fundamentals, put the fiscal deficit - the excess of government expenditure over its revenues - at 9.5 per cent of the gross domestic product (GDP) in the current fiscal ending March 31, against a planned 3.5 per cent.