rediff.com

NewsApp (Free)

Read news as it happens
Download NewsApp

Available on  

Rediff News  All News 
Rediff.com  » Business » India's inflation, fiscal metrics weaker than peers: Moody's

India's inflation, fiscal metrics weaker than peers: Moody's

September 05, 2013 10:27 IST

Indian flagIndia's inflation and fiscal metrics remain weaker than peers, Moody's Investors Service said in a presentation on Wednesday.

A higher subsidy burden and lower growth will weaken the country's fiscal metrics, analyst Atsi Sheth said in the presentation.

Economists have been worried that the annual $20 billion food subsidy programme passed by lawmakers may widen the fiscal deficit.

The agency, however, said the country's current reserves can finance the current account and external debt payment needs.

Moody's has an investment grade rating on India with a stable outlook.

Subhadip Sircar in Mumbai
Source:
© Copyright 2013 Reuters Limited. All rights reserved. Republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.