Fitch affirms India sovereign ratings, flags difficult fiscal consolidation path

Fitch expects the federal government to achieve its fiscal deficit target of 5.9% of gross domestic product in fiscal year 2024 from 6.4% in fiscal year 2023 but said the goal to reduce that deficit to 4.5% by fiscal year 2026 will be challenging.

from Moneycontrol Economy News https://www.moneycontrol.com/news/economy/fitch-affirms-india-sovereign-ratings-flags-difficult-fiscal-consolidation-path_17401321.html
via IFTTT