At a webinar on India Outlook for 2021, Andrew Wood, director, Sovereign & International Public Finance Ratings for Standard & Poor , said, "India will be one of the fastest growing economy in the emerging market space. India’s contraction this pasth year was steep, but a bounce back of 10...
Corporate Governance Standards Improve in India
According to a joint study by the International Finance Corporation, the Bombay Stock Exchange (BSE), and Institutional Investor Advisory Services India (IiAS), the Corporate Governance Scorecard for 2017 showed that companies are increasing transparency. Increased scrutiny by regulators such as India's central bank, the Reserve Bank of India, and the...
India's Stock Exchange Regulator Eases Rules for Foreign Investors
To ease rules for foreign investors and safeguard their interest, the Securities and Exchange Board of India announced reforms which include approval for trading of both stocks and commodities on a single exchange, and capping of cross-holdings in rating agencies as well as in mutual funds. For foreign portfolio investors,...
Standard & Poor's Says India is Bright Spot in Asia Pacific
Reuters reports that the ratings agency Standard & Poor’s raised its India GDP growth forecast to 7.9 % from 6.2 % for the year ending March 2016, citing rising investment and low oil prices. The agency also raised its growth forecast for 2016-17 to 8.2 % from 6.6 % previously....
Standard & Poor's Upgrades India Credit
Standard and Poor's raised the outlook for India's "BBB-minus" rating to "stable" saying the country's government mandate and improved political setting offered a conducive environment for reforms. Reuters quoted Radhika Rao, Economist at DBS Singapore: "The S&P rating outlook revision is an affirmation of the economy's growth prospects, macro stability...