June 11, 2012 8:03 PM

printer

Govt says taking steps to cut fiscal deficit, current account deficit

Finance Secretary R. S. Gujral on Monday said the government is taking a lot of steps to ensure that the current account deficit and the fiscal deficit are under control.The Finance Secretary was responding to the warning by rating agency, Standard & Poor's regarding a possible lowering of India's investment-grade rating. The report said that setbacks or reversals in India's path toward a more liberal economy could hurt its long-term growth prospects and, therefore, its credit quality.

Most Read
View All arrow-right

No posts found.