Current Affairs · Indian Economy
Given below are two statements: Statement (I): The Central Government achieved a fiscal deficit of 4.8% of GDP in FY25, against the budgeted 4.9%, continuing the fiscal consolidation path. Statement (II): S&P Ratings upgraded India's sovereign rating from 'BBB-' to 'BBB', acknowledging India's commitment to the fiscal glide path. Choose the correct answer:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Both Statement I and Statement II are incorrect
- 2Statement I is incorrect but Statement II is correct
- 3Statement I is correct but Statement II is incorrect
- 4Both Statement I and Statement II are correct✓
Correct answer
Both Statement I and Statement II are correct
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