/Tag: Indian economy

Why Modi has Failed India


NDTV.com

Last week, the respected US rating agency Moody’s downgraded India’s sovereign rating to Baa3, the lowest grade. It thereby joined Standard and Poor and Fitch, which had already relegated India to the bottom rung in this regard. Explaining their decision, Moody’s said: ‘While today’s action is taken in the context of the coronavirus pandemic, it was [...]

Congress Party Must Get Over The Gandhis


The Financial Times

A joke doing the rounds several months ago was that the “i” in Brics stood for Indonesia. Recent events lend credence to that witticism. Indian growth rates are closer to 6 per cent than 8 per cent. Inflation rates exceed 10 per cent. The rupee is at its lowest-ever level against the US dollar. Long-promised reforms [...]