CEA Krishnamurthy Subramanian’s Take On Moody’s Downgrading India’s Rating | Exclusive
Автор: ET Now
Загружено: 2020-06-02
Просмотров: 3009
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After COVID episode, ratings agencies have downgraded 33 countries. Have to ensure that we get on to the high growth path next year onwards. Moody's has downgraded ratings for 9 countries. Ratings tend to be lagging fundamentals, says Chief Economic Advisor, Krishnamurthy Subramanian to ET NOW’s Ruchi Bhatia.
Here’s a look at the key takeaways from the interview. Ratings do not have much impact on the markets. Ratings are not a leading indicator as it comes with a lag. Policy makers aware of the aspects that may lead to a change in ratings. A lot of indicators started coming down in February. Have shared our analysis of debt sustainability. Have been engaging intensively with ratings agencies. Per capita income of India will also be subsequently impacted. Changes in Agri reforms will help in increasing the income of farmers.
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