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Akhilesh targets BJP over Moody's cutting India's credit rating outlook

Samajwadi Party supremo Akhilesh Yadav launched a scathing attack on the BJP saying that Moody's Investors Service has cut India's credit rating outlook from stable to negative as it believes that in future India's economic growth will be less and risky.

Akhilesh targets BJP over Moody's cutting India's credit rating outlook
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Published : Nov 10, 2019, 4:03 PM IST

Lucknow: Attacking the BJP, Samajwadi Party supremo Akhilesh Yadav on Sunday said Moody's Investors Service cut India's credit rating outlook from stable to negative as it expected that in future too economic growth will be less and risk will increase further.

"Moody's Investors Service has cut India's credit rating outlook from stable to negative as it expected that in the future too, economic growth will be less and risk will increase," Akhilesh said in a tweet in Hindi.

"Actually, under the failed BJP government, agriculture and farmers are dying, as are the product and services sectors," he added.

  • मूडीज इन्वेस्टर्स सर्विस ने भारत की वर्तमान ख़स्ताहाल अर्थव्यवस्था को देखते हुए भारत की रेटिंग नकारात्मक कर दी है क्योंकि उसका अनुमान है कि आगे भी आर्थिक वृद्धि बहुत कम रहेगी व जोखिम और बढ़ेगा.

    दरअसल नाकाम भाजपा सरकार में कृषि व किसान भी मर रहा है और उत्पाद व सेवा क्षेत्र भी.

    — Akhilesh Yadav (@yadavakhilesh) November 10, 2019 " class="align-text-top noRightClick twitterSection" data=" ">

Moody's had said that the outlook partly reflected government and policy ineffectiveness in addressing economic weakness, which led to an increase in debt burden which is already at high levels.

India's economy grew by 5 per cent between April and June, its weakest pace since 2013, as consumer demand and government spending slowed amid global trade frictions, it added.

READ: PM Modi addresses nation; welcomes SC verdict on Ayodhya

Lucknow: Attacking the BJP, Samajwadi Party supremo Akhilesh Yadav on Sunday said Moody's Investors Service cut India's credit rating outlook from stable to negative as it expected that in future too economic growth will be less and risk will increase further.

"Moody's Investors Service has cut India's credit rating outlook from stable to negative as it expected that in the future too, economic growth will be less and risk will increase," Akhilesh said in a tweet in Hindi.

"Actually, under the failed BJP government, agriculture and farmers are dying, as are the product and services sectors," he added.

  • मूडीज इन्वेस्टर्स सर्विस ने भारत की वर्तमान ख़स्ताहाल अर्थव्यवस्था को देखते हुए भारत की रेटिंग नकारात्मक कर दी है क्योंकि उसका अनुमान है कि आगे भी आर्थिक वृद्धि बहुत कम रहेगी व जोखिम और बढ़ेगा.

    दरअसल नाकाम भाजपा सरकार में कृषि व किसान भी मर रहा है और उत्पाद व सेवा क्षेत्र भी.

    — Akhilesh Yadav (@yadavakhilesh) November 10, 2019 " class="align-text-top noRightClick twitterSection" data=" ">

Moody's had said that the outlook partly reflected government and policy ineffectiveness in addressing economic weakness, which led to an increase in debt burden which is already at high levels.

India's economy grew by 5 per cent between April and June, its weakest pace since 2013, as consumer demand and government spending slowed amid global trade frictions, it added.

READ: PM Modi addresses nation; welcomes SC verdict on Ayodhya

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Akhilesh targets BJP over Moody's cutting India's credit rating outlook
         Lucknow, Nov 10 (PTI) Attacking the BJP, Samajwadi Party supremo Akhilesh Yadav on Sunday said Moody's Investors Service cut India's credit rating outlook from stable to negative as it expected that in future too economic growth will be less and risk will rise more.
         "Moody's Investors Service has cut India's credit rating outlook from stable to negative as it expected that in the future too, economic growth will be less and risk will increase," Akhilesh said in a tweet in Hindi.
         "Actually, under the failed BJP government, agriculture and farmers are dying, as are the product and services sectors," he added.
         Moody's had said that the outlook partly reflected government and policy ineffectiveness in addressing economic weakness, which led to an increase in debt burden which is already at high levels.
         India's economy grew by 5 per cent between April and June, its weakest pace since 2013, as consumer demand and government spending slowed amid global trade frictions, it added. PTI ABN
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