Moody's paints a grim picture for India, but govt says all's well
The ratings firm on Friday downgraded India's credit ratings to ‘negative from ‘stable.
I forgot it was #Dumbonetisation Day.
In honour of that great lie, here's an article that shows how economic figures and benchmarks are being fudged so clumsily, that the IMF has to rap us on our knuckles like an errant child. 🤦🏽♂️
https://thelogicalindian.com/news/imf-urges-indian-govt-credible/?fbclid=IwAR3xeK6gphdIzzDCKSm7BBg4x_yG8biFBU10bdO_WC2AXDKAnzv_NhddJ50
IMF Urges Indian Govt To Be More 'Credible', 'Transparent' With Fiscal Numbers
IMF said that New Delhi needs to become more "transparent" on the fiscal numbers as it is a "laggard" among the G20 peers on this front.
Vishal