January 18, 2018 / 5:58 AM / 8 months ago

BRIEF-India Ratings and Research says Indian state finances stable, despite populist pressures

Jan 18 (Reuters) -

* INDIA RATINGS AND RESEARCH SAYS HAS ASSIGNED A STABLE OUTLOOK TO THE FINANCES OF INDIAN STATES FOR FY19

* INDIA RATINGS AND RESEARCH SAYS EXPECTS AGGREGATE FISCAL DEFICIT OF STATES TO INCREASE MARGINALLY TO 3.1% OF THE GROSS DOMESTIC PRODUCT IN FY19

* IND-RA SAYS EXPECTS AGGREGATE INDIA DEBT/GDP TO RISE TO 25.8% IN FY19 FROM ITS FORECAST OF 24.8% FOR FY18 - INCREASE FROM EARLIER FORECAST OF 24.3% FOR FY18‍​

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