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Aug 30, 2023, 07:30AM ISTSource: TOI.in
India Credit Rating 2023: Did you know that India has the lowest grade of sovereign credit rating by Fitch, S&P Global and Moody’s? Why does India which is set to be the world’s third largest economy soon have such a low credit rating? Is there a case for India’s credit rating to be revised upward? In this week’s episode of TOI Business Bytes, Madan Sabnavis, the Chief Economist at Bank of Baroda talks about why India has the lowest investment grade rating. He talks in detail about how India’s underlying fundamentals are strong and why there is a strong case for India’s credit rating to be upgraded to at least the A category.
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