国际英语资讯:Indias widening fiscal deficit, flat factory output may pave way for rate cut
<p><span word="MUMBAI">MUMBAI</span>, <span word="Aug">Aug</span>. 1-- <span word="India">India</span>'<span word="s">s</span> <span word="fiscal">fiscal</span> <span word="deficit">deficit</span> <span word="widened">widened</span> <span word="to">to</span> 62.8 <span word="billion">billion</span> <span word="U">U</span>.<span word="S">S</span>. <span word="dollars">dollars</span> <span word="in">in</span> <span word="the">the</span> <span word="April">April</span>-<span word="June">June</span> <span word="quarter">quarter</span> <span word="of">of</span> <span word="the">the</span> <span word="current">current</span> <span word="financial">financial</span> <span word="year">year</span> <span word="of">of</span> 2019-20, <span word="constituting">constituting</span> 61.4 <span word="percent">percent</span> <span word="of">of</span> <span word="the">the</span> <span word="annual">annual</span> <span word="target">target</span> <span word="of">of</span> 102.2 <span word="billion">billion</span> <span word="U">U</span>.<span word="S">S</span>. <span word="dollars">dollars</span>, <span word="as">as</span> <span word="per">per</span> <span word="the">the</span> <span word="data">data</span> <span word="released">released</span> <span word="by">by</span> <span word="the">the</span> <span word="Controller">Controller</span> <span word="General">General</span> <span word="of">of</span> <span word="Accounts">Accounts</span> (<span word="CGA">CGA</span>), <span word="late">late</span> <span word="Wednesday">Wednesday</span>.</p><p><span word="The">The</span> <span word="data">data</span> <span word="coincided">coincided</span> <span word="with">with</span> <span word="more">more</span> <span word="bad">bad</span> <span word="news">news</span> <span word="from">from</span> <span word="Asia">Asia</span>'<span word="s">s</span> <span word="third">third</span> <span word="largest">largest</span> <span word="economy">economy</span> <span word="with">with</span> <span word="its">its</span> <span word="infrastructure">infrastructure</span> <span word="output">output</span> <span word="on">on</span> <span word="eight">eight</span> <span word="sectors">sectors</span> <span word="growing">growing</span> <span word="by">by</span> <span word="a">a</span> <span word="meager">meager</span> 0.2 <span word="percent">percent</span>, <span word="according">according</span> <span word="to">to</span> <span word="the">the</span> <span word="data">data</span> <span word="released">released</span> <span word="separately">separately</span>.</p><p><span word="The">The</span> <span word="two">two</span> <span word="figures">figures</span> <span word="could">could</span> <span word="pave">pave</span> <span word="way">way</span> <span word="for">for</span> <span word="another">another</span> <span word="policy">policy</span> <span word="rate">rate</span> <span word="cut">cut</span> <span word="when">when</span> <span word="the">the</span> <span word="country">country</span>'<span word="s">s</span> <span word="Central">Central</span> <span word="Bank">Bank</span> <span word="meeting">meeting</span> <span word="on">on</span> <span word="Aug">Aug</span>. 7, <span word="which">which</span> <span word="has">has</span> <span word="so">so</span> <span word="far">far</span> <span word="cut">cut</span> <span word="rates">rates</span> <span word="by">by</span> 75 <span word="basis">basis</span> <span word="points">points</span> <span word="in">in</span> 2019.</p><p><span word="A">A</span> <span word="Bank">Bank</span> <span word="of">of</span> <span word="America">America</span> <span word="Merrill">Merrill</span> <span word="Lynch">Lynch</span> <span word="report">report</span> <span word="released">released</span> <span word="on">on</span> <span word="Monday">Monday</span> <span word="said">said</span>, "<span word="We">We</span> <span word="continue">continue</span> <span word="to">to</span> <span word="expect">expect</span> <span word="the">the</span> <span word="RBI">RBI</span> <span word="MPC">MPC</span> (<span word="Reserve">Reserve</span> <span word="Bank">Bank</span> <span word="of">of</span> <span word="India">India</span> <span word="Monetary">Monetary</span> <span word="Policy">Policy</span> <span word="Committee">Committee</span>) <span word="to">to</span> <span word="cut">cut</span> 25 <span word="bp">bp</span> (<span word="basis">basis</span> <span word="point">point</span>) <span word="on">on</span> <span word="Aug">Aug</span>. 7."</p><p><span word="The">The</span> <span word="widening">widening</span> <span word="fiscal">fiscal</span> <span word="deficit">deficit</span> - <span word="gap">gap</span> <span word="between">between</span> <span word="expenditure">expenditure</span> <span word="and">and</span> <span word="revenue">revenue</span> <span word="that">that</span> <span word="signifies">signifies</span> <span word="the">the</span> <span word="economy">economy</span>'<span word="s">s</span> <span word="financial">financial</span> <span word="health">health</span> - <span word="is">is</span> <span word="indicating">indicating</span> <span word="at">at</span> <span word="a">a</span> <span word="fiscal">fiscal</span> <span word="slippage">slippage</span> <span word="following">following</span> <span word="fiscal">fiscal</span> <span word="deficit">deficit</span> <span word="target">target</span> <span word="set">set</span> <span word="at">at</span> 3.3 <span word="percent">percent</span> <span word="for">for</span> <span word="the">the</span> <span word="year">year</span> 2019-20.</p><p>"<span word="At">At</span> <span word="present">present</span>, <span word="we">we</span> <span word="can">can</span>'<span word="t">t</span> <span word="rule">rule</span> <span word="out">out</span> <span word="that">that</span> <span word="expenditure">expenditure</span> <span word="cuts">cuts</span> <span word="may">may</span> <span word="be">be</span> <span word="required">required</span> <span word="to">to</span> <span word="prevent">prevent</span> <span word="a">a</span> <span word="fiscal">fiscal</span> <span word="slippage">slippage</span>, <span word="if">if</span> <span word="the">the</span> <span word="revenue">revenue</span> <span word="targets">targets</span> <span word="are">are</span> <span word="missed">missed</span>," <span word="said">said</span> <span word="Aditi">Aditi</span> <span word="Nayar">Nayar</span>, <span word="Vice">Vice</span> <span word="President">President</span> <span word="and">and</span> <span word="Principal">Principal</span> <span word="Economist">Economist</span> <span word="at">at</span> <span word="the">the</span> <span word="ICRA">ICRA</span> - <span word="a">a</span> <span word="credit">credit</span> <span word="rating">rating</span> <span word="agency">agency</span>.</p>
页:
[1]