What the Moody’s rating upgrade does not change for the Indian economy
The risks to India's macroeconomic stability are higher today than in the recent past, with rising oil prices at the top of the list
New Delhi: The ratings upgrade India received from Moody’s Investors Service last week after a gap of 13 years is a big boost to investor sentiment, and is likely to lower borrowing costs of Indian firms. But what the upgrade does not change is the fact that India’s near-term economic outlook has deteriorated because of global and domestic headwinds.
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