Escalating COVID-19 second wave heightens downside risks to India's FY22 GDP, says S&P

A drawn-out Covid-19 outbreak will impede India's economic recovery, the pace and scale of which had important implications for the country’s sovereign credit rating, it said. India’s rating currently stood at BBB-, the lowest rung of S&P’s investment grade rating.

from Economy-News-Economic Times https://ift.tt/3nzBJBh