Spending Cuts To Hurt Growth: Moody’s
  • Prabha Hedge
  • Feb 18 2014

February 18: Finance Minister P. Chidambaram stuck to his promises once again and managed to rein in the fiscal deficit to under the 4.8% target that he had set earlier. The Opposition was quick to dismiss the interim Budget saying the Finance Minister juggled numbers to achieve his target. Ratings agency Moody's too has expressed concern that spending cuts in the current fiscal could affect GDP growth. Anupriya Nair shares a detailed report on the same.