 "Moody's, Moodys")
Standard & Poor’s (S&P) has noted that India has the lowest level of prosperity among all investment-grade economies, explaining why it has not upgraded its ratings.
“Of all investment-grade sovereigns, India displays by far the lowest level of prosperity. At about $2,000 per capita, its income level is a third lower than Morocco’s and the Philippines’,” S&P stated.
Last week, Moody’s Investors Service had upgraded India’s rating by a notch to two grades above junk, citing the many reforms undertaken by the Narendra Modi government. But the analysis by S&P has been in sharp contrast to that of
“Of all investment-grade sovereigns, India displays by far the lowest level of prosperity. At about $2,000 per capita, its income level is a third lower than Morocco’s and the Philippines’,” S&P stated.
Last week, Moody’s Investors Service had upgraded India’s rating by a notch to two grades above junk, citing the many reforms undertaken by the Narendra Modi government. But the analysis by S&P has been in sharp contrast to that of
