By Admin 
Moody to review India Sovereign Rating: Global rating agency Moody’s is going to hold a meeting with government officials to review India’s Sovereign rating on Thursday today. This is the first such exercise from Moody’s after the tension with Pakistan and tariff trade tension after the incident in Pahalgam. According to the news of Business Standard, Senior Vice Christian D Gajman of Moody’s rating says that he is reviewing and for this he has six months time. He said that at this time the ratings also include risk like India’s conflict with Pakistan.
BAA Plus intact
Currently, India’s sovereign rating BAA Plus has been kept by Moody’s, which is the lowest level rating in the grade of investment. Gajman says that when the government is interacted with, then there is talk on every subject. This includes increasing struggle with Pakistan and the events that took place.
Moody’s Investors Service and its local unit Ecra Ratings said on Wednesday that Indian companies are in good condition to deal with the effects of customs and geopolitical pressure. However, he said that due to external challenges, the Indian industry will make the decisions to invest in the new financial year very carefully.
Domestic companies will reduce dependence on export
Moody’s statement said that non-financial companies of India are not directly affected by the US import duty due to their dependence on domestic consumption and their dependence on exports. He said that the government initiative to promote private consumption, expand manufacturing capacity and increase spending on infrastructure will help to remove the weak attitude of global demand.
Indian companies will continue to invest in the creation of capacity to meet the continuous increase in domestic consumption. Moody’s estimates that non-financial companies received by him will spend around $ 50 billion annually in capital expenditure in the next two years.
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