India may miss fiscal deficit target in 2018-19: Moodyâs
Global rating agency Moody's has said that India is likely to miss its fiscal deficit target in 2018-19 due to higher oil prices and rising interest rates. The government has set the target of reducing fiscal deficit to 3.3% of GDP in 2018-19. However, Moody's maintained that temporary fiscal slippage, if any, will not offset robust nominal GDP growth.