.
Moody’s Investors Service downgraded India’s sovereign credit rating for the first time in more than twenty years on June 1.
Congress leader Rahul Gandhi on June 2 voiced issue over the state of India’s economy, saying worldwide ranking company Moody’s has described its handling by Prime Minister Narendra Modi “an action above scrap”.
” Moody’s has rated Modi’s handling of India’s economy a step above SCRAP. Lack of support to the bad and the MSME sector implies the worst is yet to come,” he stated on Twitter.
Moody’s Investors Service has downgraded India’s sovereign credit rating for the first time in more than 20 years, stating policymakers will be challenged to mitigate risks of low development, degrading fiscal position