The Economic Survey 2020-21 highlights the issue of the adverse rating given by international credit rating agencies to emerging economies. Examine the basis used in the Economic Survey in support of the argument. Also, suggest on what basis India should make the argument against the rating given by the international credit rating agencies. 10 marks

Mentor’s comment-
  • In the intro, mention the importance of rating given by these credit rating agencies to attract investment.
  • In the body, discuss the basis of size used in the economic survey, next highlight the issue with using the size of the economy as the basis of creditworthiness. In suggestion mention India’s clean repayment record as an argument against adverse credit ratings.
  • Conclude by mentioning the need to tackle the issue by dialogue with these agencies.
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bhupender Kumar
bhupender Kumar
1 year ago

order id GY9T8dRkR7Pfl