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India Ratings ups GDP growth estimate to 5.7%, predicts fiscal slippage

Last Updated: Thursday, August 07, 2014, 16:01

The agency said industrial growth will improve to 5.1 percent as against the earlier estimate of 4.1 percent.

Spending cut may not adversely impact growth: Goldman Sachs

Last Updated: Wednesday, August 06, 2014, 22:12

Experts have for long been arguing about a possible re-allocation of resources for capital spending rather than current spending, to boost the growth.

Fiscal deficit of 4.1% an ambitious target: Rajan

Last Updated: Wednesday, August 06, 2014, 16:25

Reserve Bank Governor Raghuram Rajan on Wednesday said 4.1 percent fiscal deficit goal set by the government for the current fiscal is an "ambitious target".

Meeting fiscal deficit target of 4.1% a tough task: Mayaram

Last Updated: Monday, August 04, 2014, 14:05

After remaining at sub-5 percent in last two fiscal years, economic growth in the ongoing fiscal year is estimated to be between 5.4 and 5.9 percent.

Arun Jaitley promises to narrow fiscal deficit to 4.1%

Last Updated: Friday, August 01, 2014, 12:31

Jaitley hoped that RBI might cut rates as inflation shows stable slowing down.

Fiscal deficit in Q1 at 56.1% of Budget estimates for FY'15

Last Updated: Thursday, July 31, 2014, 19:31

During the April-June period of 2013-14 fiscal, the deficit was 48.4 percent of Budget Estimates.

India's April-June fiscal deficit stands at $49.2 billion

Last Updated: Thursday, July 31, 2014, 17:49

The deficit was 48.4 percent during the comparable period in the previous fiscal year.

Finance secretary Mayaram defends 4.1% fiscal deficit target

Last Updated: Saturday, July 12, 2014, 17:46

Finance Secretary Arvind Mayaram said that plans announced in this week`s budget to stick to a fiscal deficit target of 4.1 percent of GDP are "very credible", despite criticism from ratings agencies that the number is optimistic.

Rating agencies say Jaitley's fiscal targets hard to achieve

Last Updated: Friday, July 11, 2014, 17:03

Rating agencies on Friday said Finance Minister Arun Jaitley's assumption of containing fiscal deficit at 4.1 percent of GDP is difficult to achieve given the poor outlook on the revenue front and absence of reduction in subsidies.

Union Budget 2014: Expert views: Jaitley sticks to fiscal deficit target of 4.1%

Last Updated: Thursday, July 10, 2014, 15:02

Finance Minister Arun Jaitley said the country will stick to the fiscal deficit target of 4.1 percent of gross domestic product (GDP) set by the previous government for the year ending March 2015.

Union Budget 2014-15: Govt sets fiscal deficit target of 4.1%

Last Updated: Thursday, July 10, 2014, 14:06

Finance Minister Arun Jaitley said his government aims to reduce the fiscal deficit to 3.6 percent and 3 percent for 2015-16 and 2016-17, respectively.

Union Budget 2014: Finance minister sparks confusion on fiscal deficit target

Last Updated: Thursday, July 10, 2014, 13:29

Traders said the contradiction had created confusion, although they said Jaitley may have misspoken.