Budget to resume tough fiscal adjustment: BoB economist

The biggest priority before the government of India in the upcoming Union Budget is to resume aggressive fiscal adjustment. Failure to do so will jeopardize India’s sovereign credit rating and complicate efforts to lower interest rates (due to large-sized borrowings) and hinder growth.

February 20, 2012 / 12:02 IST

26 Aug, 2025 12:21

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By Dr Rupa Rege Nitsure

Just a couple of weeks ago, the rating agency Standard & Poor

first published: Feb 20, 2012 11:30 am

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