Rating agencies say Jaitley's fiscal targets hard to achieve

July 11, 2014 17:14

Rating agencies today said Finance Minister Arun Jaitley's assumption of containing fiscal deficit at 4.1 per cent of GDP is difficult to achieve given the poor outlook on the revenue front and absence of reduction in subsidies. "The fiscal deficit target will be hard to achieve. The government is betting on a sharp increase in revenues in a slow growth year," rating agency Crisil said in a note today.

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