India-based CareEdge Global IFSC Ltd will now issue sovereign ratings for global economies, marking a major milestone for Indian rating agencies. The first report assigns sovereign ratings to 39 countries, including a 'BBB+' rating to India, recognising its post-pandemic growth and infrastructure focus. K. Rajaraman, IFSCA Chairperson, views this initiative as an opportunity for India to shape its own global economic narrative. CareEdge's methodology analyzes economic structure, fiscal strength, and governance quality to provide transparent assessments, challenging the dominance of Western agencies like Moody's and Fitch.
Below is a brief outlook of what are the concerns/deliberate distortions by these existing SOVEREIGN RATING AGENCIES, their operating modulus and the UGLY NEXUS arising out of it, thereby ushering towards large GEO-POLITICAL & STRATEGIC ramifications. Therefore need to purview INDIA from INDIC lenses is the need of the hour rather than trying ourselves to FIT IN into an alienated system.
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