| Without further fiscal reforms, the Indian government may find it difficult to sustain the increase in public investment spending, according to a report, titled “India’s Fiscal Roadblocks Could Stall Infrastructure Progress,” that Standard & Poor’s Ratings Services published today.
“Although India’s budgetary performances have strengthened in recent years, its hard-won fiscal improvements could yet unwind because of a financial or commodity shock,” said Standard & Poor’s credit analyst Kim Eng Tan. “Subsidy spending is one key source of weakness, despite fuel-subsidy reforms in 2014. Another constraint is the heavy government debt.”..............................................Full Article: Source
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