PM Modi's new govt spending plans to remain in line with early projections

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PM Modi's new govt spending plans to remain in line with early projections - Business Standard

Quick Summary:

Colombia’s credit outlook was cut due to pressure on government accounts, while just this week Brazil’s president triggered a slide in its currency after raising doubts about fiscal targets.

Sitharaman pledged in February to lower the fiscal deficit below 4.5 per cent by the 2026 fiscal year.

Not a single respondent expects the budget deficit to widen, underscoring just how keen officials are to maintain their hard-earned credibility at a time when global investors are piling into Indian debt thanks to its inclusion in JPMorgan Chase & Co indexes.