“India’s GDP slowed to 5.3 percent in the January to March quarter. Since then S&P has warned that the country could lose its investment grade, and Fitch revised India’s outlook to ‘negative’.
Sentiment has turned against India not just on a slew of weak economic data, but also the country’s political unwillingness to implement reforms, and on allegations of corruption.
We drew on S&P’s report, “Will India Be The First BRIC Fallen Angel?” for a broader look at what’s got everyone bothered about the Indian economy.”
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