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Journalism of Courage
International credit rating agency Standard and Poor8217;s has voiced concern over the fiscal deficit of the central and state governments even as it expressed happiness over the strong economic growth momentum. 8216;8216;We are most concerned about the size of the fiscal deficit of the central and state governments,8217;8217; a top executive of the S038;P said on Monday, adding there were, however, very 8216;8216;positive8217;8217; aspects to external sector and GDP growth. S038;P8217;s Managing director for Asia pacific region Paul A. Coughlin said fiscal consolidation was the key for sustaining the strong economic fundamentals. 8212;PTI
