India's fiscal health remains vulnerable spot

April 13, 2015 8:55 AM

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MUMBAI, April 13 (Reuters) - India's fiscal weakness remains a vulnerable spot in its sovereign credit profile, ratings agency Standard & Poor's said on Monday, warning that a financial or a commodity "shock" may unwind fiscal improvements.

S&P said the government's efforts to rein-in spending indicated the high priority of fiscal prudence, but warned that spending on subsidies and heavy government debt remained concerns.

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