There is always this worry that such a spending plan will widen the budget deficit. If India misses the deficit target again, it could dilute its commitment to fiscal consolidation. Giving dole doesn't resolve poverty.
More Quotes from Ping Chew:
India has the poorest financial position but it has the ability to consolidate and be investment grade.Ping Chew
Regional growth prospects are projected to support credit quality, with trend growth rates likely to be maintained and some upside potential in China, India, Pakistan, and Vietnam. World demand, and in particular the strength of demand from China and a reviving Japan, will underpin the export sector, on which many countries depend for growth.
Ping Chew
The question is not whether the government can consolidate. The question is shouldn't the government consolidate faster
Ping Chew
Most banking systems in the Asia-Pacific region have improved their credit profiles, thanks to stable economic conditions and continuing structural improvements. This is in spite of rising oil prices and interest rates threatening the broader economic recovery.
Ping Chew
If you look at what most other money going into China is earning, it is not that inefficient. If you don't invest in U.S. bonds, what do you invest in
Ping Chew
The ratings on Taiwan could be lowered if further fiscal slippages cause the debt burden to rise markedly.
Ping Chew
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