Downfrade thread from S&P

Discussion in 'Economy & Infrastructure' started by sob, May 18, 2013.

  1. sob

    sob Moderator Moderator

    May 4, 2009
    Likes Received:
    New Delhi
    Despite tall claims during the rung up to the budget and post budget, things have not moved sufficiently to impress the International Rating agencies. The Union Budget was described by many as aimed more towards international ratings agencies, but the latest statement from S&P warning that India's sovereign risked dropping to Junk status, unless concrete steps were not taken soon.

    In blow for India, S&P affirms negative outlook, reforms key - Firstpost

    With the election dates nearing very fast, the challenge for the FM will be to rein in populist policies, which are focues more on electoral arithmetic rather than economic sense.

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