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India's Finance Ministry responds to Moodys change in outlook

International   |   Glibs Quick   |   Nov 08, 2019, 15:00 PM

Government of India has noted that Moody’s Investors Service has today changed outlook on the Government of India’s ratings to negative from stable while keeping the foreign-currency and local-currency long-term issuer ratings unchanged at Baa2As India’s potential growth rate remains unchanged, assessment by IMF and other multilateral organizations continue to underline a positive outlook on India.Government has undertaken series of financial sector and other reforms to strengthen the economy as a whole. Government of India has also proactively taken policy decisions in response to the global slowdown. India continues to offer strong prospects of growth in near and medium term.

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