Moody's warns India's water crisis may harm sovereign credit strength due to agricultural and industrial disruptions.
Moody's warns that India's worsening water crisis can negatively impact the country's sovereign credit strength. The rating agency states that water shortages can disrupt agricultural and industrial sectors, leading to inflation in food prices, income declines, and social unrest. Rapid economic growth, urbanization, and climate change exacerbate the strain on limited water resources, potentially threatening India's credit health and economic stability.
June 25, 2024
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