 "CEA lecture 12")
Slamming global credit rating agencies for not upgrading India despite clear improvement in its economic fundamentals, Chief Economic Advisor Arvind Subramanian on Thursday said they were following "inconsistent" standards while rating India and China.
Delivering the VKRV Memorial Lecture, Subramanian said, India had been placed in the lowest investment grade by these agencies which leads to higher cost of borrowing in the global markets due to investor risk perceptions associated with it.
Here's the full text of Subramanian's VKRV Memiorial Lecture:
Competence, Truth and Power: Macro-economic Commentary in India
VKRV Memorial Lecture May 11, 2017
Delivering the VKRV Memorial Lecture, Subramanian said, India had been placed in the lowest investment grade by these agencies which leads to higher cost of borrowing in the global markets due to investor risk perceptions associated with it.
Here's the full text of Subramanian's VKRV Memiorial Lecture:
Competence, Truth and Power: Macro-economic Commentary in India
VKRV Memorial Lecture May 11, 2017
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