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Are S&P and Fitch Overreacting?

CII does not agree with the credit rating given to the Indian investment scenario by Standard''''s and Poor''''s. The rating agency has not taken into account India''''s structural stability such as savings and investment rates and labour productivity. This article by Mr Chandrajit Banerjee, Director General (CII) was published in the Business Standard on 21 June, 2012.



C Banerjee
[Director General]
DG's Office (DGOF)
Confederation of Indian Industry
CII Central Office
Mantosh Sondhi Centre
23 Institutional Area
Lodi Road
New Delhi
Delhi
India-110003
Phone : 91-11-24629994 - 7
Fax :91-11-24682229
Email : cb@cii.in