Tag: deficit
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India must lower fiscal deficit ‘a lot more’ to get a higher rating, says S&P
S&P Global currently has a BBB- rating on India with a stable outlook. India needs to lower its fiscal deficit “a lot more” if it wants to get an upgrade, according to S&P Global Ratings. “The starting point of India’s fiscal performance has been very, very weak. And, even after the improvements that we have…