Finance Ministry responds to Moody’s change in outlook

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..... Finance Ministry responds to Moody’s change in outlook
News and Press Release
Dated:- 8-11-2019

Government of India has noted that the Moody's Investors Service has today changed the out .....

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..... look on the Government of India's ratings to negative from stable while keeping the foreign-currency and local-currency long-term issuer ratings unchanged at Baa2. However, India continues to be amo .....

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..... ng the fastest growing major economies in the world, India's relative standing remains unaffected.IMF in their latest World Economic Outlook has stated that Indian Economy is set to grow at 6.1% in 20 .....

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..... 19, picking up to 7 % in 2020. As India's potential growth rate remains unchanged, assessment by IMF and other multilateral organizations continue to underline a positive outlook on India. The Govern .....

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..... ment has undertaken series of financial sector and other reforms to strengthen the economy as a whole. Government of India has also proactively taken policy decisions in response to the global slowdow .....

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..... n. These measures would lead to a positive outlook on India and would attract capital flows and stimulate investments. The fundamentals of the economy remain quite robust with inflation under check a .....

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..... nd bond yields low. India continues to offer strong prospects of growth in near and medium term.
News - Press release - PIB .....

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