India Rankings In Key List 2017

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India Rankings In Key List 2017

India Rankings

India Rankings In Key List 2017

Background And Future Implications

Recently Moody’s upgraded India’s local and foreign currency issuer ratings from Baa3 to baa2, changing its status from ‘Positive’ to ‘Stable’. Currently, It is higher than Russia, Brazil, South Africa but lower than China. ( BRICS Countries )

Moody’s: What is it?

Moody’s additionally referred to as Moody’s Investor Service is a vital part of worldwide capital market, providing ratings, researchers, tools and analysis that contribute to transparent and integrated financial markets.

Reforms in Economy:

In recent years Indian Government has taken some bold steps for reducing corruption, digitization of economy, demonetization which decreased black money to some extent and a major tax reform by implementing GST in the country. These steps have brought clarity and transparency to the economy.

Foreign Investments:

There has been a significant rise in the foreign investments due to the programmes like Make In India and various MoU signed by India with some other countries like Japan, Singapore etc. It gave enough credibility about the economic status of the India. In addition, India’s forex reserves have witnessed an impressive surge, making it around $400 billion.

Banking Reforms:

Indian Government is trying its best to deal with problems in the banking sector. Problems like Insolvency and Twin Balance Sheet are to be solved by Insolvency and Bankruptcy Board Of India and recapitalization of banks. Recently the mergers of banks have been seen, making it another step to strengthen the economy.

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