India may be subject to lower tariffs than many countries in the Asia Pacific, which could help the economy attract further investment and become a global manufacturing base, Moody's Ratings said on Thursday. In its outlook on Asia Pacific sovereigns, Moody's Ratings said many export-reliant APAC economies were hit with very high US tariffs in April. While negotiations will likely lead to some reduction in tariffs and other trade barriers on a bilateral basis, policy uncertainty is challenging investment decisions and disrupting trade. Uncertainty about trade policy and a potential overhaul of global trade have raised cyclical and possibly structural credit risks in APAC, it said, adding that economies like Vietnam and Cambodia, which benefited from a diversification of investment and manufacturing out of China and now face high US tariffs, are particularly at risk. "In contrast to countries like Cambodia and Vietnam, India has the potential to emerge as a beneficiary of a ...
Moody's Analytics reported that India's output is currently 4% below what it would have been without the impact of the Covid-19 pandemic
Morgan Stanley Research's report said the GDP growth for the quarter ended June came higher than its expectations
Moody's Investors Service changed its outlook from negative to stable on October 5
The ability of the second largest global ratings agency to assess an upside and downside before events make everyone wise about India has been dismal for a long time
The big trigger for Moody's was the massive boost to resolving banking NPAs
Moody's had on Friday upgraded the sovereign ratings by a notch to Baa2 with stable outlook, citing Modi's reforms
Singh also cautioned that the soaring prices of the crude oil could 'hurt the fiscal system' of the country
A sovereign credit rating is the measure of risk associated while investing in a particular country. A look at what each of the 10 ratings imply
Moody's upgraded India's sovereign rating to Baa2 from its lowest investment grade of Baa after a gap of 13 years
Italy has the highest debt-to-GDP ratio at 132.1%
The banking sector, they say, will be one of the key beneficiaries as it remains a proxy to the country's economic growth
The rating upgrade will keep the rupee stronger, and will have a major impact on Bank Nifty, says A K Prabhakar of IDBI Capital