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Fitch Flags Risks of Gradual Debt Reduction Pace
Business Standard
|February 04, 2025
India's pace of debt reduction is gradual, which leaves open downside risks to sovereign ratings in the eventuality of a significant economic shock, said Fitch Ratings on Monday, commenting on the Union Budget 2025.
However, the rating agency expressed confidence in India's ability to stick to its medium-term fiscal framework and keep debt firmly on a downward path, which would be positive for the sovereign rating over time.
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