Thursday, May 03, 2012

Economic affairs secretary on S&P warning

R Gopalan mounts a spirited defence of India's economic position in the face of the recent S&P warning in an  interview to ET. The points he makes are very similar to what I have said in my post below: India's debt to GDP ratio has come down and there has been substantive improvement in the fiscal position of the states.

6 comments:

Anonymous said...

Yep, time to get the clunky PR machinery out there. Time for the babus to earn their keep. Meanwhile, the rupee has depreciated by 7% since Feb-end.

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