Moneycontrol
Last Updated : Jan 18, 2018 04:46 PM IST | Source: CNBC-TV18

FY18 fiscal deficit to be between 3.46-3.5%: India Ratings

"Despite a cut in India's additional borrowing plan, a fiscal breach is almost certain in FY18" - that's the view from Devendra Pant, Chief Economist at India Ratings.

CNBC TV18 @moneycontrolcom

"Despite a cut in India's additional borrowing plan, a fiscal breach is almost certain in FY18" - that's the view from Devendra Pant, Chief Economist at India Ratings. In a conversation with CNBC-TV18's Sapna Das, Pant said that the ratings agency expects India's fiscal deficit to come in between 3.46 to 3.5 percent this fiscal. He added that the government may cite structural reforms escape clause from NK Singh report to justify the fiscal breach.

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First Published on Jan 18, 2018 04:25 pm

tags #Economy

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