Fitch expects the federal government to achieve its fiscal deficit target of 5.9% of gross domestic product in fiscal year 2024 from 6.4% in fiscal year 2023 but said the goal to reduce that deficit to 4.5% by fiscal year 2026 will be challenging.
Fitch affirms India sovereign ratings, flags difficult fiscal consolidation path on January 17, 2024 at 1:33 am
