MUMBAI (Reuters) - India will face "significant challenges" to meet its budgeted revenue growth projections, especially if there is "any further shock" to economic growth, Kim Eng Tan, senior director of Asia-Pacific Sovereign Ratings at Standard & Poor's said in a webcast on Friday.
However, Tan also said India's revenue projection was not "entirely out of reach," seeing "a fair chance" that the budget deficit target of 2013/14 can be met.
India aims to cap its deficit at 4.8 pct in the fiscal year starting in April.
(Reporting by Subhadip Sircar and Neha Dasgupta; Editing by Rafael Nam)