Moody’s on Friday lowered its outlook on the U.S. credit rating to “negative” from “stable” citing large fiscal deficits and a decline in debt affordability, a move that drew immediate criticism from President Joe Biden’s administration. The move follows a rating downgrade of the sovereign by another ratings agency, Fitch, this year, which came after … Read more
Moody’s Investor Service Friday affirmed India’s ‘Baa3’ rating with a stable outlook. The ratings agency said that rising growth will contribute to higher income levels and overall economic resilience. It also noted that India is likely to grow faster than other major economies, even if potential growth for the country has come down to 6-6.5% … Read more
There’s plenty of good news on projected demand for jobs. But net impact on account of three factors is crucial. One, re-employment chances of those who lost jobs in 2020 — and are losing even now in 2021. Synopsis Let’s acknowledge that even with strong double-digit growth in FY22, India’s GDP as FY23 begins will … Read more