India’s high inflation weighing down recovery, rating: Moody’s

Aug 29 2014, 01:10 IST
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SummaryIndia's expected accel-eration in GDP growth and its rating was being weighed down by high food inflation, Moody's said on Thursday.

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 India’s 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.

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