“Fitch Ratings ke Director aur Primary Sovereign analyst Jeremy Zook ne kaha ki lagatar fiscal consolidation, jo medium-term mein sarkari karz ratio ko ghatata ho, Bharat ke credit profile ke liye samarthak hoga, khaaskar jab yeh macroeconomic performance aur external finances par maujooda sakaratmak momentum ke saath milta hai.”
Nirmala Sitharaman ne apne Budget bayaan mein sarkar ka commitment dobara se dikhaya ki fiscal deficit ko agle fiscal year mein 4.5 percent se neeche laane ka.
“Fitch Ratings ne abhi haal hi mein Bharat ki GDP growth forecast ko 7.2 percent tak revise kiya tha, aur yeh note kiya ki 4.9 percent ke alawa, fiscal deficit ko 4.5 percent se neeche laane ka target bhi sambhav lagta hai. Lekin Budget ne medium-term fiscal management objectives aur targets par aur clarity provide nahi kiya, jo humein lag raha tha ki naye term ke shuruwat mein ho sakta tha,” yeh bhi note kiya gaya.
Moody’s ne bhi zor diya ki Bharat apne FY26 target tak pahunchne ki kshamata par jor diya.
Lekin two agencies ne note kiya ki Bharat ka loan peers ke comparison mein zyada hai.
“Hum general government debt ko agle teen saal mein GDP ke 80 percent ke upar stabilize hone ka projection karte hain, jo ki FY21 mein 89.3 percent tha. Hum bhi forecast karte hain ki general government interest payments fiscal 2020-21 mein over 28 percent se agle do saal mein general government revenue ke lagbhag 24 percent tak gir jayenge, lekin yeh Baa-rated peers ke median 8.7 percent se kaafi zyada hai,” Moody’s Ratings ke Associate Managing Director Gene Fang ne kaha.
Budget ke mutabik central government debt ko FY25 mein 56.8 percent tak kam hone ki ummeed hai.
S&P Ratings ne earlier this year hi Bharat ki outlook ko stable se positive par revise kiya tha.
Arthashastra ke logon ne kaha hai ki sarkar jo fiscal path mein bani rahegi, usse ek global ratings concern mein se 18-24 mahine ke andar ratings upgrade mil sakta hai.
Bharat ko abhi BBB- rating mili hai Fitch aur S&P se aur Moody’s se Baa rating mili ha
Disclaimer- This article is for educational purposes only. Do not invest your hard-earned money without consulting your financial advisor and conducting your analysis.
