India must raise pace of fiscal improvement - Fitch
MUMBAI (Reuters) - India needs to do more for fiscal improvement to catch up with its peer group, a senior official at Fitch Ratings said on Friday, after India unveiled its annual budget for the fiscal year that starts in April.
"Overall, we think the country's fiscal improvement is fairly in place, but India obviously has to do more to catch up with its rating peer group," Franklin Poon, director at Fitch Asia sovereign team in Hong Kong, told Reuters.
"So, the budget, in that perspective, is disappointing because it does not announce any measure for India to continue improve to fasten the pace of fiscal improvement," he said.
- Tweet this
- Share this
- Digg this
Trending On Reuters
Housing Development Finance Corp (HDFC), India's top mortgage lender, posted an 11.5 percent gain in quarterly net profit, in line with estimates, aided by higher loan growth. Article
Samsung Elec's smartphone primacy under threat from Apple after weak Q4. Full Article