Ratings agency Standard & Poor's today cautioned that it could lower the sovereign ratings of countries like India, Japan and Malaysia, which are still to come out of the economic meltdown of 2008.-Why we are very complacent ?
Why S & P is making so much of noise and posturing so much when Moody's Investor Service, and Fitch Ratings are keeping their credit ratings unchanged? Is it because S & P is headed by an Indian born? Or because S & P wants some sensationalism? I thought complacency comes after some notable achievement and I wonder what that achievement was.
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We are a devloping country..and if we see the history of last few decade india has grown a lot..in 2008 market sinked...bt has comparablely less effect then other countries...we survived with dignity...keep the internal politics,price hike either side...when its comparision of growth i think india has good track record...