India's outlook cut unlikely to hurt capital inflows: Fin Min
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India's outlook cut unlikely to hurt capital inflows: Fin Min

Last Updated: Wednesday, April 25, 2012, 13:31
 
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India's outlook cut unlikely to hurt capital inflows: Fin Min
New Delhi: The cut in outlook on India's sovereign rating by Standard & Poor's is unlikely to hurt capital inflows into the country, a senior finance ministry official said on Wednesday.

India's long-term growth prospects still remain robust and the economy is better placed than several other nations despite the lowered outlook, the official, who didn't wish to be named, told reporters.

Earlier on Wednesday, S&P lowered its outlook on India's long-term sovereign rating to negative from stable due to slowing growth and a widening current account deficit, but retained the rating at BBB-.

Bureau Report



First Published: Wednesday, April 25, 2012, 13:31


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