Indias high inflation weighing down recovery, rating: Moodys

Written by fe Bureau | New Delhi | Updated: Aug 29 2014, 06:40am hrs
India's expected accel-eration in GDP growth and its rating was being weighed down by high food inflation, Moody's said on Thursday. Recu-rrent inflationary press-ures have also constrai-ned Indias sovereign rating as they keep dom-estic capital costs high, erode domestic purchas-ing power as well as savi-ngs and lower competiti-veness, Moody's, which has a Baa3 rating on India with a 'stable' outlook, said.