Moody’s cut India’s sovereign rating outlook to negative from stable while retaining the issuer rating at Baa2. Following the cut, the government is expected to persist with its focus on structural reforms to improve the investment climate and to attract more capital inflows into India. Mint's Nasrin Sultana speaks to Garima Kapoor, Economist, Elara Capital if the Moody’s downgrade indicates fiscal risks is overdone.
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