For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

Government Clarifies After Moody’s Changes India’s Outlook to Negative

|

The government of India today clarified after Moody's Investors Service changed India's rating outlook to negative from stable.

"Government of India has noted that the Moody's Investors Service has today changed the outlook on the Government of India's ratings to negative from stable while keeping the foreign-currency and local-currency long-term issuer ratings unchanged at Baa2.

Government Clarifies After Moody’s Changes India’s Outlook to Negative
 

However, India continues to be among the fastest growing major economies in the world, India's relative standing remains unaffected.IMF in their latest World Economic Outlook has stated that Indian Economy is set to grow at 6.1% in 2019, picking up to 7 % in 2020. As India's potential growth rate remains unchanged, assessment by IMF and other multilateral organizations continue to underline a positive outlook on India," the release stated.

The release noted that the government has undertaken series of financial sector and other reforms to strengthen the economy as a whole.

"Government of India has also proactively taken policy decisions in response to the global slowdown. These measures would lead to a positive outlook on India and would attract capital flows and stimulate investments.

The fundamentals of the economy remain quite robust with inflation under check and bond yields low. India continues to offer strong prospects of growth in near and medium term," the clarification highlighted.

GoodReturns.in

Company Search
Get Instant News Updates
Enable
x
Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more