Moody's says India inflation and fiscal metrics remain weaker than peers
Quotes

Moody's says India inflation and fiscal metrics remain weaker than peers

Last Updated: Thursday, September 5, 2013, 09:17
 
 Comment 0
 
Moody's says India inflation and fiscal metrics remain weaker than peers
Mumbai: India's inflation and fiscal metrics remain weaker than peers, Moody's Investors Service said in a presentation on Wednesday.

A higher subsidy burden and lower growth will weaken the country's fiscal metrics, analyst Atsi Sheth said in the presentation.

Economists have been worried that the annual USD 20 billion food subsidy programme passed by lawmakers may widen the fiscal deficit.

The agency, however, said the country's current reserves can finance the current account and external debt payment needs.

Moody's has an investment grade rating on India with a stable outlook.

Reuters



First Published: Thursday, September 5, 2013, 09:15


Comments


comments powered by Disqus
World Economic Forum 2015
World Economic Forum 2015
G20 Summit 2014
G20 Summit 2014
2014`s Top People in Business: Fortune
2014`s Top People in Business: Fortune
World Bank`s Top 10 Places for Business
World Bank`s Top 10 Places for Business
India`s top ten billionaires
India`s top ten billionaires

Web Wrap
Contact Us : Privacy Policy : Legal Disclaimer
Copyright © Zee Media Corporation Ltd. All rights reserved