date:Jul 10, 2014
ent set.
India risks losing its investment-grade sovereign rating if it fails to get its finances into shape. Many economists believe the last government's accounting understated the size of the deficit, and Jaitley will need to present a credible recovery plan to keep the ratings agencies onside.
The newly-released Economic Survey shows the gravity of the economic situation that needs correction, Jaitley told reporters after ceremonially placing the report on a table in parliament. Inflatio