Discussion Board

S&P won't upgrade India's rating before 2019


Total 2 messages Pages | 1
Mahendra Singh
Low per capita GDP in nominal terms matters little
by Mahendra Singh on Dec 15, 2017 10:30 AM

Low per capita GDP in nominal terms matters little the PPP (Price Purchase Parity) per capita GDP is more than 4 times the nominal one, since this is the real purchasing power of a common person. A person earning Rs. 25,000 in India has a better spending power than someone earning Rs. 1,00,000 in US whose PPP is lesser than its nominal GDP. These rating agencies know it well but work for their Western masters (especially US) who obviously wont like India competing with them. Rating affects the loan taking capability of an enterprise from world markets and a lower rating ensures that they are forced to take loans at substantially higher costs thus making them less competitive against the Western peers and hence all this game play by the rating agencies.

    Forward  |  Report abuse
drsanjeev rana
who cares
by drsanjeev rana on Dec 14, 2017 09:58 PM

let them take their stinking rating and shove it ..

    Forward  |  Report abuse
Total 2 messages Pages: | 1
Write a message