Pranab Mukherjee 300x278 S&P’s rating a timely warning: Pranab MukherjeeIndia’s economy is holding ups and down from last year that resulted a huge fiscal deficit of 5.9 per cent of GDP in the fiscal year.

Seeing its slow progress on changing pattern of stock market, Ratings agency Standard & Poor’s downgraded India’s outlook to negative from stable, on Wednesday.

On December, Moody’s issued a stable outlook for India, but now it has a Baa3 rating, the minimum investment rating. Read the rest of this entry…

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