मूडीज ने भारत की 'Baa3' स्थिर रेटिंग की पुष्टि की, अगले दो वर्षों के लिए 6% से अधिक की वृद्धि का अनुमान लगाया

Moody's affirms India's ‘Baa3’ stable rating, projects over 6% growth for next two years

Moody's affirms India's 'Baa3' stable rating and predicts over 6% growth for the next two years. User

Global News
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12, Apr, 2024

Jivika Chawla

@JivikaChawla

Moody's affirms India's ‘Baa3’ stable rating, projects over 6% growth for next two years

Global credit rating agency Moody's has upheld a stable outlook for India's sovereign ratings, maintaining the country's long-term rating at Baa3 and short-term rating at P-3, as reported by ANI. Moody's latest evaluation underscores India's stable outlook, predicting a gradual enhancement in its fiscal metrics, bolstered by robust growth prospects compared to its counterparts.

According to Moody's assessment, India's credit profile is characterized by its substantial and diversified economy, high growth potential, relatively strong external position, and stable domestic financing base for government debt. However, this is juxtaposed with challenges such as high general government debt, weak debt affordability, and low per capita income.

Moody's further points out that despite the challenges, India has demonstrated resilience and emerged from the pandemic with a more robust and stable economy. Although there are no immediate expectations of a significant reduction in debt levels, India's gradual fiscal consolidation efforts have contributed to its economic stability.

The reaffirmation of India's sovereign ratings by Moody's underscores the agency's confidence in the country's ability to navigate challenges and capitalize on its strengths. The stable outlook reflects Moody's belief in India's capacity for sustained economic growth and prudent fiscal management.

India's economic trajectory, according to Moody's, is poised for gradual improvement, underpinned by its resilient growth trajectory and favourable economic indicators compared to its global peers. However, Moody's emphasizes the importance of continued fiscal consolidation efforts to address the challenges posed by high government debt and low per capita income.

Overall, Moody's assessment reaffirms India's position as a key player in the global economy, highlighting its resilience and potential for long-term growth despite prevailing challenges.