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Indian Economy :Unknown Facts

Unknown Fact

India’s long-term local currency debt is rated at Ba2 by Moody’s, two levels below the investment grade and at par with Armenia and Turkey. Indian government debt accounts for about 80 percent of GDP. Standard & Poor’s and Fitch Ratings have a rating of BBB-, the lowest investment grade.

The government’s annual debt repayments will rise to 1.14 trillion rupees in the next fiscal year from 531 billion rupees.

The 10-year yield has risen 62 basis points in the past year, the worst performer during that period among the 10 Asian local-currency debt markets outside Japan, according to indexes compiled by HSBC Holding Plc. It fell 95 basis points in the previous 12 months.