Macro Economy

Fitch caution on weak public finances

Press Trust of India | | Updated on: Jan 23, 2018

The government’s reform initiatives have unlocked Indian “economy’s dynamism” but weak public finances continue to remain a strain on any rating upgrade, global ratings firm Fitch said today.

Fitch said it had on April 9 affirmed India at BBB-/Stable rating.

“Government reforms have helped to unlock the economy’s dynamism. However, weak public finances continue to constrain the ratings,” Fitch said in a Asia-Pacific Sovereign Overview 2Q’15 report today.

“Measures to strengthen the revenue base remain lacking,” it added.

Published on June 22, 2015
This article is closed for comments.
Please Email the Editor

You May Also Like

Recommended for you