Recent Moody's Report And It's Impact On Our Future Economy



Today I would like to focus attention towards the recent report of Moody's, a prominent credit rating agency, which has given a negative sentiment to our economy in the coming times. 

To counter the report, our Commerce minister has issued a long statement to reassure the public that the government is in fact touch with over 600 investors. I respect Mr Goyal (Commerce minister) because he is a qualified professional (Chartered Accountant) but I feel he was not able to give a strong message to the country on which one can rely very much. About 15 days back another Cabinet Minister Mr Gadkari has mentioned that we are in touch with 300 Investors, now the question is on whome country should rely.

The present government is not able to give a strong message that "All is Well " on the COVID front. They messed up enforcing /lifting the lockdown and now the entire responsibility has been passed to the state governments. Every one knows that the job of the federal government is to support the province not the other way round. Every province has their own unique problems which has resulted in infected numbers touching 9k / per day; death toll is also increasing at a fast rate. 

Two days back there was an article in The Hindu, which says that after failing on all fronts BJP and it's top aides are trying to bring back agenda like construction of  Ram Mandir, CAA etc to divert core issues. Additionally, since major elections are coming up even the HM is holding a virtual rally in Bihar on 9th June which to a certain extent proves the credibility of the of the The Hindu article. 

Under the situation where the core issues are ignored and relationship with the neighboring countries are alarming, it's difficult that big and good investors will come forward which is not in our best interest and good for the country's future economy.

Jaihind

Manoj joshi