Submitted by TheIndiaStreet on May 28, 2007 - 3:15pm.
By Vipin Agnihotri
Lucknow, India: If the Indian government fails to meet its deficit reduction targets, the overseas borrowing costs of Indian companies could increase over the next two years. You may ask: Why is it so? This is because failure to meet deficit reduction targets can adversely impact the sovereign credit rating of the country.
