MUMBAI, July 23 Reuters India39;s fiscal deficit targets are achievable but the government39;s financial metrics still remain a weakness for the South Asian nation39;s credit profile compared to peers, an analyst at Fitch Ratings said on Tuesday.

Lowering of the deficit target to 4.9 from 5.1 of GDP is a clear signal of the government39;s commitment to deficit reduction, Jeremy Zook, director Asia sovereign ratings, told Reuters. In our view, this seems relatively achievable.

During Tuesday39;s annual budget, India39;s government announced plans to spend 24 billion to create jobs over the next five years and 32 billion on rural development this year alone.

Reporting by Siddhi Nayak; editing by Sudipto Ganguly

Source Reuters