New Delhi:
S&P Global Ratings said on Thursday that the Union Budget showed India's commitment to improving fiscal performance but heavy debt burden and weak public finances remain key rating constraints. “India's 2017-2018 Budget illustrates the government’s commitment to improving its fiscal performance over the medium term, despite the hit to near-term growth from the demonetisation initiative," S&P said.
It added if reforms improved fiscal out-turns, positive upward pressure on India's sovereign ratings may build.
S&P Global Ratings said on Thursday that the Union Budget showed India's commitment to improving fiscal performance but heavy debt burden and weak public finances remain key rating constraints. “India's 2017-2018 Budget illustrates the government’s commitment to improving its fiscal performance over the medium term, despite the hit to near-term growth from the demonetisation initiative," S&P said.
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