Diabytes
India's debt-to-GDP ratio News
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Notwithstanding the impact of demonetisation, India returned to fiscal consolidation in the fiscal year 2016-17 largely due to the near-elimination of fuel subsidies and enhanced targeting of social benefits, the IMF said on Wednesday.
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Moody's Investors Service on Friday said India's credit profile would improve if it follows the fiscal discipline path and set up a fiscal council as recommended by the FRBM panel.
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Rising global oil prices will not pose a serious risk to the economy if they remain within the range of USD 55-65 a barrel, said chief economic adviser Arvind Subramanian.
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India with a low leverage score looks promising among emerging Asian countries, which can deliver a solid growth rate and where the potential for a significant expansion is maximum, says an HSBC report.
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