Indian economy to grow strongly during 2018-2020

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What is the rating given to India by the rating agency Standard & Poor’s (S&P)?
1. Stable
2. Unstable
3. Moderately Stable
4. Junk

Answer – 1. Stable

Rating agency Standard & Poor’s (S&P) kept its sovereign rating for India unchanged at ‘BBB-‘, with outlook for the nation as ‘stable’.

BBB- rating is the lowest investment grade and just one notch above junk status. S&P stated that India’s sizable fiscal deficit, low per capita income and high government debt do not warrant a sovereign rating upgrade as of now.

However, it praised the recent reforms undertaken by Indian Government and expects Indian economy to grow strongly during 2018-2020.

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