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.
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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