The government leeway to contain the fiscal deficit at 3.5 per cent of gross domestic product (GDP) might be marginal, though the nominal economic growth is projected to be higher than estimated.   India’s nominal GDP growth, according to the Advance Estimates released on Friday, was projected at 11.9 per ... Read More »

CHENNAI: Credit rating agency Moody’s Investors Service on Thursday said India’s rising foreign direct investment (FDI) inflows reduces the current account deficit and also the external financing needs. In a statement Moody’s said it does not expect widening of India’s current account deficit based on its assumptions that commodity prices ... Read More »