India needs to maintain financial stability even if fiscal deficit rises, says Uday Kotak

India wants to take care of monetary stability even when fiscal deficit rises, says Uday Kotak

Confederation of Indian Trade (CII)’s newly appointed president and prime banker Uday Kotak on Thursday mentioned that the nation wants to take care of monetary and financial stability at the same time as fiscal deficit rises sooner or later. Terming India’s sovereign ranking downgrade by Moody’s as ‘a warning shot’, Kotak mentioned that the federal…

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