Moody’s has lowered India’s credit rating for the first time in 22 years, citing prolonged sluggishness in the economy, rising debt and ‘constant pressure’ on some part of the financial system. As Moody’s, “it will be challenging for Indian policy makers to overcome these problems.” Moody’s stated that the Kovid-19 exacerbated these problems.
News Source: TimesOfIndia
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