UPSC Syllabus : : Economic Development
Moody’s Investors Service has downgraded its outlook on India to ‘negative’ from ‘stable’ on Friday.
What is a Sovereign Credit Rating?
A sovereign credit rating is an independent assessment of the credit worthiness of a country. Sovereign credit ratings can give investors insights into the level of risk associated with investing in the debt of a particular country, including any political risk.
UPSC Syllabus : General issues on Environmental Ecology
Maternal death rate declining: report (GS-2)
UPSC Syllabus : Health
This is good news for India as nearly 2,000 maternal deaths have been averted per year, according to the bulletin. The figure has declined from 167 in 2011-2013 to 130 in 2014-2016 and to 122 in 2015-17, registering a 6.15 per cent reduction since the last survey figures of 2014-2016.
4. Thumbs down: On Moody’s negative rating: (GS-3)
UPSC Syllabus : Government policies; Economic development
Ratings agency Moody’s has reacted predictably to the turbulence in the economy by revising the outlook on its sovereign rating for India from stable to negative. Moody’s India rating is a notch higher than that of Standard & Poor’s and the outlook revision now may well be to compensate for its past optimism on India.
5. The China factor in India’s RCEP move : (GS-3)
UPSC Syllabus : : Economic growth; India's Trade deficit
Prime Minister Narendra Modi’s ASEAN sojourn this year will be remembered for India finally rejecting the Regional Comprehensive Economic Partnership (RCEP) trade deal. Apart from the 10 member states of the Association of Southeast Asian Nations, the mega deal was to include the bloc’s six free trade partners — China, India, South Korea, Japan, New Zealand and Australia. In his speech at the RCEP summit in Bangkok, Mr. Modi argued that while “India has been proactively, constructively and meaningfully engaged in the RCEP negotiations since inception,” the draft RCEP agreement did “not fully reflect the basic spirit and the agreed guiding principles of RCEP” even as it did “not address satisfactorily India’s outstanding issues and concerns.”
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