Do not see India’s rating downgrade: Finance Minister Nirmala Sitharaman – News 24-7 Live News 24-7 Live
Do not see India’s rating downgrade: Finance Minister Nirmala Sitharaman

Do not see India’s rating downgrade: Finance Minister Nirmala Sitharaman

She attacked the Congress-led UPA government for mismanaging the economy which the Modi administration set right.

Finance Minister Nirmala Sitharaman on Wednesday said India enjoys an investment grade rating and she does not see a rating downgrade because of higher spending.

Replying to a debate on Finance Bill 2021 in the Rajya Sabha, she cited low inflation, higher GDP growth, record foreign investment and lower fiscal deficit to defend her government’s handling of the economy.

She attacked the Congress-led UPA government for leaving a “mess” and mismanaging the economy which the Modi administration set right.

The measures taken in response to the 2008 global financial crisis by the UPA led to high inflation and ‘taper tantrums’, she said.

News Source:- The Hindu

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