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Ratings downgrade, an overreaction

The downgrading of Indian sovereign rating by Standard''s & Poor''s and Fitch may be premature as India still enjoys high savings and investment ratios, strong human resources, and robust domestic consumption. However, a clutch of reforms is required to restore investor confidence.


Chandrajit Banerjee
[Director General]
DG's Office (DGOF)
Confederation of Indian Industry
Mantosh Sondhi Centre
23 Institutional Area
Lodi Road
New Delhi
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