Experts say
Experts say "Moody's decision will benefit both government and common man."
Share:

India's rating improved, the Sensex has jumped 400 points. At the same time, the Indian rupee has strengthened 69 paise in front of the US dollar. Experts believe that this will also increase the confidence of foreign investors. At the same time inflation will come down and the economy of the country will run faster. Apart from this, India will be easier to get foreign loans.   

Vice President of Moody's Investors Service, William Foster says "Economic reforms will lead to faster growth. GDP growth is estimated to be 6.7 percent in FY2018 and 7.5 percent in FY2019. After the financial year 2020, the pace of growth is expected to grow faster."

Foreign companies will invest in India. DBS bank economist Radhika Rao says that this decision of Moody's will impact the bonds and second rating agencies can also increase the bond rating of India. Apart from this, the confidence of foreign investors in India will also increase and foreign companies will invest money in the country.

Economic growth of the country will be faster. American economic firm of Morgan Stanley India, Ridham Desai believes that economic conditions of India are improving fast and now the growth figures in the next one year may be shocking. Ridham Desai says that the trust in India has increased, the economic conditions are getting stronger, the ban on bondage and the bad effects of GST have come to an end. Now, in the next 12 months, growth figures will be very good. If understood in simple terms, both the government and the common man will be of great benefit.

Rajeev Kumar, vice president of Infrastructure Policy Commission, said that the increase in Moody's rating will increase the confidence of foreign investors in India. Increasing the rating will increase investment in Infra. Due to reforms, Moody's has raised the rating.   

There are hopes of inflation. Nilesh Shah, MD & CEO, Kotak Mahindra AMC says that India's growth has increased due to the stand on the reform. However, India still has to stand firmly on many scales. In India, the fear of inflation is declining now. Further inflation will appear to be less and less. RBI has effectively controlled inflation.

Increasing ratings will lead to the currency market. This will increase the confidence of FDI and domestic investors. Rakesh Jhunjhunwala, the veteran investor, said,   "Big returns will be found in the stock market, India's GDP growth can now reach 10 percent." Increasing the rating will make the country more debt-free. People from all over the world will invest fast in the Indian market. This will help the common man to get big returns. Increasing ratings will give cheap companies to Indian companies.

Also Read:

Sensex gains 414 points after Moody's economic boost in ratings

Moody's upgrades India's rating after 14 yrs citing government economic reforms

Modi govt's Economic reforms justified by Moody's upgrading India's ratings: Amit Shah

 
Join NewsTrack Whatsapp group
Related News