FM ADVOCATES FOR RATING UPGRADE FOR ECONOMY—STOCK MARKET There is strong case for rating upgrade of Indian economy by global rating agency on the back of increasing investments, declining import of gold and government’s commitment to fiscal prudence. The expert in stock market and those who trade in nifty consider it a strong move which will boost up confidence of retail investors in the stock market . The issue of rating upgrade was raised by FM officials at a meeting with the rating agencies. The ministry expressed confidence that current account deficit (CAD) will surely come down as oil prices are stable and the rupee has been range bound. Moreover, the cabinet committee on investment has also approved projects worth Rs 70000 crore in three months time. In general the infrastructure and in particular the cement industry and steel industry will have positive impact. The government has set up...
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