PMEAC: keeping fiscal deficit target a challenge

RBI must maintain its current monetary stance until the rupee stabilises.

Written by: Reuters

1 min readNew DelhiSep 13, 2013 03:04 PM IST First published on: Sep 13, 2013 at 03:04 PM IST

India may find it a challenge to stick to its fiscal deficit target of 4.8 percent of GDP in the fiscal year that ends next March,the prime minister’s economic advisory panel said in a report on Friday.

The country’s bloated fiscal deficit has been a key concern for Asia’s third-largest economy – currently undergoing its worst slowdown in a decade – and has triggered the threat of a sovereign credit rating downgrade by global ratings agencies.

# Asia
# currency
# Economics
# Fiscal deficit
# fiscal year
# GDP
# India-5
# Reserve Bank of India
# rupee