India’s Economic Growth To Pick Up To 5.6% In FY15: Fitch
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The economic growth of the country is expected to pick up to 5.6% in the current fiscal on account of structural reforms being rolled-out by the government, According to the global ratings agency, factors such as pace of fiscal consolidation and structural reforms, investment and
"Fitch expects real
The
Until mid of 2013, India's current account deficit (CAD) was a concern for investors, but it has narrowed now due to policy rates hikes and measures, including curbs on gold imports through duty hikes (partially reversed), said Fitch.
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The report said high foreign reserves provide a strong buffer to the Indian economy. India's foreign currency reserves stood at $495.5 million as of October 24, 2014.
At the end of September, India’s fiscal deficit -- the gap between government expenditure and revenue -- touched 82.6% of the Budget estimates for 2014-15 to cross Rs 4.38 lakh crore. For entire 2014-15, fiscal deficit has been pegged at Rs 5.31 lakh crore or 4.1% of GDP.
In addition to this, inflation based on the
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