By bigbreakingwire 
Fitch Ratings has assessed India’s Union Budget, and while it believes the projections are realistic and achievable, it also sees some challenges. The ratings agency stated that India’s budget will have a broadly neutral impact on growth, with fiscal metrics remaining weak compared to its peers.
The pace of debt reduction in the budget is gradual, which leaves room for downside risks, especially if the economy faces a large shock. Fitch also noted that there could be modest shortfalls in revenue collection, particularly given the moderation in economic growth.
However, Fitch remains optimistic about the long-term growth outlook. The policy focus on boosting investment through deregulation is seen as a positive for India’s medium-term economic growth. Overall, while the budget’s targets are realistic, the country must manage its fiscal and revenue challenges carefully to maintain stability and growth.
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