According to the ratings agency, the Indian government’s aggressive fiscal target for the next financial year is unlikely to result in any significant changes in the country s sovereign credit profile.
As per Controller General of Accounts (CGA) data, the government's capital expenditure stood at Rs 7.36 lakh crore 2022-23 against the budget target of Rs 7.5 lakh crore and revised estimate of Rs 7.28 lakh crore