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  • (Education) Article: Problem, Reason and Solution For Indian Fiscal Deficit

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    Sreekanth Reddy
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    The article discusses India's fiscal deficit problem, reasons for it, and potential solutions. The government is committed to reducing the fiscal deficit to 5.3% of GDP and has taken measures to avoid credit downgrades from ratings agencies like Moody's. However, ratings agencies warn that loosening fiscal policy before 2014 elections or evidence of long-term weak economic growth could lead to downgrades. The finance minister met with Moody's to demonstrate the government's commitment to reforms.

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    Containing Fiscal Deficit

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    The article discusses India's fiscal deficit problem, reasons for it, and potential solutions. The government is committed to reducing the fiscal deficit to 5.3% of GDP and has taken measures to avoid credit downgrades from ratings agencies like Moody's. However, ratings agencies warn that loosening fiscal policy before 2014 elections or evidence of long-term weak economic growth could lead to downgrades. The finance minister met with Moody's to demonstrate the government's commitment to reforms.

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    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    5 views3 pages

    (Education) Article: Problem, Reason and Solution For Indian Fiscal Deficit

    Uploaded by

    Sreekanth Reddy
    The article discusses India's fiscal deficit problem, reasons for it, and potential solutions. The government is committed to reducing the fiscal deficit to 5.3% of GDP and has taken measures to avoid credit downgrades from ratings agencies like Moody's. However, ratings agencies warn that loosening fiscal policy before 2014 elections or evidence of long-term weak economic growth could lead to downgrades. The finance minister met with Moody's to demonstrate the government's commitment to reforms.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
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    http://www.vo iceee.co m/2012/12/educatio n-article-pro blem-reaso n-and.html

    {Education} Article: Problem, Reason and Solution for Indian Fiscal Deficit

    T he government has outlined the strong f undamentals of the economy and said it was committed to rein in f iscal def icit within the target of 5.3% of gross domestic product. T he government is battling hard to avert a ratings downgrade f rom the rating agencies like Moody or S&P and has taken a series of measures to demonstrate its commitment to economic ref orms. Finance Minister had a meeting with the of f icials of Moody. T he meeting comes a day af ter another ratings agency Fitch cautioned that a loosening in f iscal policy ahead of the 2014 elections could f urther weaken India's public f inances and put pressure on ratings. It also warned that policy slippage or mounting evidence of a structural decline in the trend growth rate, such as protracted weak economic data, could cause the ratings to be downgraded.

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