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NEW DELHI: The government will continue on its path of fiscal consolidation and intends to achieve a fiscal deficit below 4.5% of gross domestic product (GDP) by 2025-2026, Finance Minister Nirmala Sitharaman he said in his budget speech. The government expects a fairly steady decline over the years. “We hope …

NEW DELHI: Moody’s Investors Service cut Friday growth projection for the current fiscal to (-) 11.5 percent, from (-) 4 percent previously estimated, saying that the economic contraction would be more pronounced due to the lockdown and the continued increase in coronavirus cases. The US-based rating agency also projected that …