If India's economic growth rate declines, its debit ratings are likely to decline

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New delhi date. December 12, 2019, Thursday

If India's economic growth rate continues to decline, the ratings for its debt instruments are likely to decline. According to the S&P Global Rating, India's economic growth rate will improve gradually over the next few years.

If it does not see growth in growth and it is clear that India's structural growth has declined significantly, its debt rating may decline, an S&P report said.

The economic growth rate of the country is currently the lowest since the formation of Narendra Modi's government in the 5th. In the September quarter, the economic growth rate fell to 5-year low of 5%.

Reduction in consumption, difficulties in banks and weak global outlook have affected GDP. S&P has given India a BBB-rating, which is the lowest investment grade rating. Earlier, Moody's had negatively outlooked India's Outlook from the stable.

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