Moody's retains rating outlook, wants India to contain deficit

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Moody's retains rating outlook, wants India to contain deficit. (Reuters) Moody's retains rating outlook, wants India to contain deficit. (Reuters)
SummaryGovt had raised the fiscal deficit target for the current fiscal to 5.3 per cent of the GDP.

a ratings downgrade.

In the recent months, the government has taken series of reform measures to boost investor sentiment, including hiking FDI limit in retail, insurance among others besides easing overseas borrowings norms to stimulate infrastructure

investment.

Last week it also deferred the controversial General Anti Avoidance Rules (GAAR) by two year to April 2016.

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