New Delhi, Feb 5 (TIWN) India's FY23 budgettary divestment target is "more achievable than in last year's budget", said Fitch Ratings on Wednesday.

The deficit targets present in the Union Budget 2022-23 by Finance Minister Nirmala Sitharaman on Tuesday "are a bit higher than our forecasts when we affirmed India's 'BBB'/Negative sovereign rating in November," said Jeremy Zook, Director and Primary Sovereign analyst for India, Fitch Ratings.

While it was widely expected that the fiscal deficit will be lower than the targeted 6.8 per cent of the GDP in the current fiscal year ending March 31, 2022, Sitharaman put the number at 6.9 per cent.