Moody's states inclusion in global bond indexes won't automatically upgrade India's credit rating; structural reforms, private sector investment, and economic growth are crucial.
Moody's Ratings states that inclusion in global bond indexes won't automatically upgrade India's credit rating. Structural reforms, increased private sector investment, and strong economic growth are crucial. While bond market inclusion brings significant inflows, they're not enough to lower India's $3T debt compared to peers. Debt affordability is key for potential upgrades.
May 20, 2024
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