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Thursday, June 4, 2020

Forced savings during lockdown to aid India's borrowings?

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THE ECONOMIC TIMESDaily Newsletter
Thu, Jun 04, 2020 | 05:37 PM IST
#Coronavirus#EconomyTracker#Whatsbuzzing
Top stories of the day
Forced savings during lockdown to aid India's borrowings: HSBC Forced savings during lockdown to aid India's borrowings: HSBC
As India emerges from one of the world's longest shutdowns to check the pandemic's spread, Prime Minister Narendra Mo...
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Debate This
Is India guilty of taking rating agencies too seriously?
Moody's has downgraded India by a notch to Baa3. This almost-junk classification, which comes close on the heels of sub-optimal Q4 & FY20 GDP numbers, is being seen as a proof of the rating agency's disapproval of India's recent policy measures. A falling rating, coupled with virus trouble, can push the economy deep into the red. Is this downgrading fair on India?

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