Fiscal health News
Fitch last year kept India's sovereign rating unchanged at 'BBB-', the lowest investment grade, with stable outlook.
The growth rose to a five-quarter high of 7.2 percent in the October-December period.
Government may deviate from the fiscal consolidation roadmap and up its deficit target for 2016-17 to 3.9 per cent of GDP to push rural demand and pay higher wages to civil servants, Goldman Sachs said today.
The government proposes to bring down the fiscal deficit in current fiscal to 3.9 percent of GDP.
Net FDI inflows into India totalled USD 14.1 billion in the first five months of 2014-15.
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