sovereign ratings

HDFC Pension AUM surpasses Rs 1 lakh crore, with 2.1 mn subscribers

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HDFC Pension AUM surpasses Rs 1 lakh crore, with 2.1 mn subscribers

HDFC Pension Fund Management has become the first private sector pension fund manager to surpass Rs 1 lakh crore assets under management (AUM). The assets under management (AUM) of the company have doubled in the span of 16 months, mainly due to a significant 34.1% growth in its subscriber base, which currently exceeds 2.1 million … Read more

Wider fiscal deficits could pressure India’s ratings, says Fitch

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Wider fiscal deficits could pressure India’s ratings, says Fitch

Wider fiscal deficits and a more gradual pace of consolidation will lift the Indian government’s debt and pressure its sovereign ratings, Fitch Ratings said, cautioning that the fiscal firepower is limited due to a high debt ratio. Finance Minister Nirmala Sitharaman said the current year fiscal deficit will touch 9.5% of GDP, much higher than … Read more