Moody’s has highlighted a number of genuine positive recent developments in India as justifications for a ratings upgrade – though its inclusion of demonetisation among them should raise some eyebrows. However it appears to have ignored entirely the loan waivers by several state governments that have surely undermined the outlook for public debt.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services