International ratings agency Moody’s has changed its outlook on India from stable to negative, citing increasing risks that economic growth of Asia's third-largest economy will remain “materially lower than in the past.” It said the downgrade partly reflected lower government and policy effectiveness in addressing “economic and institutional weaknesses”, which led to a rise in the already high levels of debt burden. "While government measures to support the economy should help to reduce the depth and duration of India's growth slowdown, prolonged financial stress among rural households, weak job creation, and, more recently, a credit c
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