|Chennai||Rs. 24020.00 (-0.17%)|
|Mumbai||Rs. 25020.00 (0.28%)|
|Delhi||Rs. 24450.00 (0%)|
|Kolkata||Rs. 24600.00 (-0.32%)|
|Kerala||Rs. 24050.00 (0%)|
|Bangalore||Rs. 24160.00 (-0.17%)|
|Hyderabad||Rs. 24030.00 (-0.12%)|
The Indian government's bloated fiscal deficit and the heavy debt burden are the 'most significant rating constraints' for Standard & Poor's, the ratings agency said.
The current government's fiscal deficit target of 4.5 percent of the gross domestic product of 2014 may be beyond its reach, S&P said in a release on Tuesday.
S&P expects only modest reforms in the government's finances as well as in the public sector due to the general elections in May 2014, it said.
India has a BBB-minus rating from S&P, the lowest investment grade rating among the so-called BRIC economies.