A family watches TV under a tarpaulin on a sidewalk in Mumbai February 7, 2014. REUTERS/Mansi Thapliyal
NEW DELHI (Reuters) - India's top finance ministry official said that plans announced in this week's budget to stick to a fiscal deficit target of 4.1 percent of GDP are "very credible", despite criticism from ratings agencies that the number is optimistic.
Prime Minister Narendra Modi, who took office in May, on Thursday unveiled a budget that focussed on attracting investment rather than reining in spending, in order to balance India's books and revive a weak economy - an approach that fell short of expectations.
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