Moody's says India can absorb fiscal deficit overshoot amid US-Iran tensions

·1 views

Credit rating agency Moody's has expressed confidence that India can withstand a breach of its fiscal deficit target even as geopolitical tensions between the US and Iran escalate. Moody's currently holds India at a Baa3 rating, the lowest rung of investment-grade status, with a stable outlook. The agency's analyst de Guzman noted that the rating reflects India's steady fiscal consolidation efforts since the Covid-19 pandemic. The stable outlook suggests Moody's does not foresee an immediate downgrade despite potential fiscal pressures arising from global uncertainties.

Read the full story at Times of India

This is an AI-generated summary. ShortSingh links to the original source for the complete article.

Discussion (0)

AIADMK continues to bleed MLAs, sixth legislator set to join Vijay’s party

0 comments Read more at Indian Express

IndiaIndian Express ·

When rescuers had to be rescued as rain havoc continues in Arunachal Pradesh

0 comments Read more at Indian Express

IndiaTimes of India ·

Arunachal Pradesh hit by floods and landslides across 12 districts

Heavy monsoon rains have triggered widespread floods and landslides across at least 12 districts in Arunachal Pradesh. Infrastructure including roads, bridges, and homes has sustained significant damage, cutting off connectivity in affected areas. Fatalities have been reported, though one biker narrowly survived being swept away by a landslide, an incident captured on video. Rescue teams are actively working to reach people stranded by the disaster. Authorities have issued warnings about continued risks posed by overflowing rivers in the region.

0 comments Read more at Times of India

IndiaTimes of India ·

India Denies Official Involvement in Reported Track 2 Talks with Pakistan

India has distanced itself from recent reports of Track 2 dialogue with Pakistan, clarifying that no government backing is involved. Foreign Secretary Vikram Misri stated that these meetings are purely private initiatives without any official Indian participation. He noted that such informal interactions occur frequently across the world and carry no formal weight in New Delhi's view. Misri urged the public not to interpret these unofficial engagements as representing the Indian government's position.

0 comments Read more at Times of India