Moody's said domestic growth will offset global headwinds.
Moody's on Thursday said the new 'inflation targeting' mechanism is a "credit positive" move.
Moody's assigns a 'Baa3' rating on India, with a stable outlook.
Finance Minister Arun Jaitley presented his maiden budget last week in which he vowed to contain fiscal deficit at 4.1 per cent this year and lower it to 3 per cent by 2016-17.
A player-of-the-match award in only his second Test, plaudits from the pundits and even a "man crush" from his England counterpart -- India wicketkeeper Dhruv Jurel could not have dreamt of a better start to his international career.
Higher food prices can accelerate broader inflation by pushing up wages, while negatively impacting the government finances and reducing monetary policy flexibility, Moody's said in a report.
Three years after India declared its goal to become a net-zero economy by 2070, the policy design for achieving the target has begun, with the NITI Aayog forming dedicated multi-sectoral committees to prepare a transition plan. In 2021, India joined a select group of nations that set a target year for becoming net-zero carbon economy. At COP26 in Glasgow, Prime Minister Narendra Modi outlined a five-pronged 'Panchamitra' climate action target for India and committed to a net-zero target by 2070, joining nations like the US, the UK, and China.
Any downward revision from the current 'Baa3' rating means junk status for the country.
Former Australia player Tom Moody believes India need to be flexible with their batting order in white ball cricket.
But says govt finances the weakest aspect of the country's macroeconomic profile.
It said banks' asset quality will deteriorate across the corporate, small and medium enterprises and retail segments, leading to pressure on profitability and capital.
Top losers in the Sensex pack included Sun Pharma, Vedanta, ONGC, TCS, HUL, ITC, NTPC, Asian Paints and Infosys, shedding up to 4.23 per cent.
While current coach Anil Kumble is an automatic entry into the process, the others in the fray are Australian Tom Moody and Englishman Richard Pybus.
The global rating agency has, however, cautioned that India's fiscal position remains 'weak'.
The government's fiscal deficits have reduced over the last five years.
Moody's expect RBI to hold policy 'repo' rate steady to have a neutral stance in this growth
Moody's on Sunday said any upgrade for the country will depend on consistent improvement in inflation, fiscal deficit and other economic parameters.
Moody's currently assigns 'Baa3' rating on India, with a stable outlook. 'Baa3' means medium grade with moderate credit risk.
The 'P-3' ratings suggest acceptable ability to repay short-term obligations.
The opinion of a Junior Associate Economist employed with Moody's Analytics has been splashed all across implying it as the opinion of Moody's Analytics.
India's top fuel retailers IOC, BPCL and HPCL together lost around $2.25 billion (Rs 19,000 crore) in revenue for keeping petrol and diesel prices on hold during elections in five states, including Uttar Pradesh, Moody's Investors Services said on Thursday. State fuel retailers did not revise petrol and diesel rates for a record 137 days despite prices of crude oil (raw material for producing fuel) rising to $120 per barrel compared to around $82 in early November when the hiatus began. "Based on current market prices, the oil marketing companies are currently incurring a revenue loss of around $25 (over Rs 1,900) per barrel and $24 per barrel on sale of petrol and diesel, respectively," Moody's said in a report.
Govt to strongly pitch for better rating, to argue India has successfully weathered its problems and govt capacity on growth remains high.
The outlook for India's rating would improve if fiscal, inflation and infrastructure metrics get better, a global report said.
The economy is projected to clock 7.4 per cent growth.
For 2021-22, it projected the economy to clock a growth of 10.6 per cent.
.jpg)
A higher subsidy burden and lower growth will weaken the country's fiscal metrics, analyst Atsi Sheth said in the presentation.
The government's second round of stimulus will spur consumer spending in the near term but support to economic growth will be minimal, Moody's Investors Service said.
The Reserve Bank's tight monetary policy is likely to moderate the growth rate of Indian economy in the second half of the current calendar year, the economic analysis arm of international rating agency Moody's has said.
Awestruck by Mahendra Singh Dhoni's swashbuckling knock against Sunrisers Hyderabad, former Australia all-rounder and Hyderabad coach Tom Moody says India is 'very lucky' to have the 31-year-old 'special' cricketer as captain.
The ratings agency currently rates India at Baa3
Prime Minister Narendra Modi led-NDA government in its third term must tackle the problem of unemployment in the country, especially in the unorganised sector and in small and medium enterprises, former NITI Aayog Vice Chairman Rajiv Kumar said on Monday. Kumar also emphasised that the government now must finalise the four labour codes as it has been delayed beyond expectations. "We must recognise that post-COVID economic recovery has been a K-shaped recovery.
The former Australia captain said Moody is young, talented and will gel with the Indian team.
The government had on Wednesday issued a statement dismissing report of Moody's Analytics.
Moody's has predicted a slow growth rate for India's industrial sector in 2008.
India's exports, which is on a declining spree since October last year, is likely to stabilise in the next few months, but the real recovery will happen only by 2010, Moody's said.
The sovereign ratings outlook for India may turn negative, from stable currently, if the country's fiscal policy fails to check external shocks like crude prices or aggravates the inflation concerns, global rating agency Moody's warned on Monday.
Pathan conceded that Jasprit Bumrah is the only automatic selection among the bowlers.
"The stronger-than-expected start of the fiscal year has prompted . . . to revise India's annual growth forecast from 6.2 per cent to 6.4 per cent," Moody's economy.com, a research arm of Moody's, said in a release.
Moody's on Monday upgraded India's local currency sovereign rating by a notch on the country's efforts toward fiscal reforms and the economy's capacity to face a crisis, a move that that will result in greater capital inflows and appreciation of rupee value.
International rating agency Moody's has indicated that it is unlikely to revise India's rating, but prescribed strong measures to curb fiscal deficit for spurring growth during the Congress-led coalition government's regime.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances