View: To fix economy, change mindset - Moody’s and other assessments of India’s economic outlook must set alarm bells ringing

Moody’s assessment is no surprise. It is another piece of evidence that our economy is in bad shape, and not just due to the coronavirus. Moody’s statement read: “While today’s action is taken in the context of the coronavirus pandemic, it was not driven by the impact of the pandemic. Rather, the pandemic amplifies vulnerabilities in India’s credit profile that were present and building prior to the shock.”

from Economy-News-Economic Times https://ift.tt/37gV56h
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