MUMBAI:
The impact of the Russia-Ukraine conflict, higher inflation and tightening global financial conditions are unlikely to derail India’s economic recovery from the pandemic, rating agency Moody’s said in a release on Tuesday.
Moody’s Investor Service retained its sovereign rating on India at Baa3 with a stable outlook, the release showed.
“Principal credit challenges include low per capita income, high general government debt, low debt affordability and limited government effectiveness,” the agency said in the release.
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