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'Worst is yet to come': Rahul Gandhi after Moody's downgrade

Jun 02, 2020 10:42 IST

As the global rating agency, Moody's Investor Service downgraded India's sovereign rating to the lowest investment grade, opposition leader Rahul Gandhi took to twitter and said the worst is yet to come. "Moody's has rated Modi's handling of India's economy a step above JUNK. Lack of support to the poor and the MSME sector means the worst is yet to come," he wrote in a tweet. Moody's had said that slow reform momentum and constrained policy effectiveness have contributed to a prolonged period of slow growth, compared to India's potential and it expected this to continue well beyond the pandemic.

Economy