Feb 01, 2018 13:43:33 (IST)
The Union Budget 2018 is in line with the government's fiscal consolidation path, a Moody's analyst said, adding that it reinforced the credit ratings agency's recent rating upgrade for the country. Most of the spending announced seemed to be on "productive investments" rather than one-time handouts, Joy Rankothge, Vice President of Moody's Investors Service told news agency Reuters.