Ratings bias.

"Today, India is the world's fifth-largest and fastest-growing global economy." "Over the past decade, a majority government has implemented major reforms to fast-track growth, recapitalise banks and clampdown on NPAs." And yet, "S&P and Fitch have held on to a BBB rating for India while Moody's continues to rate India at Baa3." "These are the lowest possible sovereign credit ratings and indicate a high credit risk profile." Forbes. "India's credit rating suffers from prejudice, Fed elections and bias and credit rating agencies need to relook at it, NK Singh chairman of the 15th Finance Commission said." ET. "Questioning the three big global rating agencies for keeping India's rating static at the lowest investment grade for the last 15 years despite it moving up the ladder from 12th largest to become the fifth largest economy, Finance Ministry economists said agencies...are biased." FE. However, "CareEdge has assigned a long-term foreign currency rating of BBB- to India, two notches higher than what's provided by other rating agencies," wrote Rajani Sinha. Attaboy CareEdge. A bloody nose to the furriners. Firstly, it is doubtful that the foreign rating agencies waste huge amounts of time and money just to insult India. They are probably trying to provide guidance to their own people. "Foreign investors' assets under custody in equity totaled Rs 71.08 trillion in October, down 8.8% from Rs 77.96 trillion a month ago." In contrast, total holdings of domestic investors increased to Rs 76.80 trillion. MC. So, foreign investors are definitely not biased against India. Secondly, "India is on track to increase its workforce from 423.73 million in 2023 to 457.62 million by 2028, reflecting a net gain of 33.89 million workers, a report said." ET. That will be more than the combined populations of the US at 346.130 million and Germany at 84.370 (worldometers). In fact, the increase of 33.89 million is more than the entire population of the continent of Australia at 26.812 million (worldometers). If 457.62 people just make pakodas, as Mr Modi suggested and Mr Amit Shah defended in Parliament (HT), India will probably become at least the third richest country in the world by GDP, behind just China and the US. Thirdly, "After long years of stasis, there seems to be a flurry of activity at the Union ministry of statistics and programme implementation (MoSPI). Long-delayed surveys have been released, New surveys are being planned." "A push for change has come from the top," wrote Pramit Bhattacharya. If the government is seen to be hiding facts, can't blame foreigners if they are more careful. Finally, The difference in education between India and China. A new paper by Nitin Kumar Bharti and Li Yang finds that India has a preponderance of social-science graduates at the bachelor degree level, whereas "China's higher share of engineering and vocational graduates, combined with a higher share of primary and secondary graduates, lends itself more readily to a focus on manufacturing," the authors say. ET. And so, "India's goods trade deficit with China widened to $57.83 billion during April-October from $51.12 billion, according to data from the commerce and industry ministry." Mint. "Which area has [India] invented? Please give me an example," asked Mr NR Narayan Murthy, co-founder of Infosys. MC. Mr Murthy is very much Indian. Poor education, poor information and no innovation. Foreigners are not biased.