Continued fiscal slippage credit negative for India: Moody's

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Continued fiscal slippage credit negative for India: Moody's

Feb 01, 2019 19:45 IST

Credit rating agencies have slammed the Finance Minister's move to keep the fiscal deficit for financial year 2020 unchanged at 3.4%. Moodys said that continued fiscal slippage is a credit negative for the country. It further added that the spend goals announced by govt will put pressure on narrowing the fiscal gap. This is the second year in a row that the govt has missed its fiscal target.

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