Why Moody’s downgraded India’s rating?
Topics Covered: Indian Economy and issues relating to planning, mobilization of resources, growth, development and employment. Why Moody’s downgraded India’s rating? What to study? For Prelims: What is Moody’s ratings? Implications of negative outlook? For Mains: Concerns and ways to address them. Context: Moody’s Investors Service (“Moody’s”) has downgraded the Government of India’s foreign-currency and local-currency …
