Bloomberg (August 28)
2019/ 08/ 29 by jd in Global News
“India’s economic numbers have for some time looked better than the facts warranted, feeding an overconfidence in New Delhi about the country’s prospects. Thankfully, that’s begun to change. The Reserve Bank of India, the International Monetary Fund, investment banks and ratings agencies have all recently cut their estimates of 2019 growth sharply.” This is “best news in years… India’s government finally seems to recognize the scale of the problems it faces.”
Tags: Economic, Estimates, Government, IMF, India, Investment banks, Overconfidence, Ratings agencies, Reserve Bank of India, Scale
