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Moody’s: India's fiscal flexibility hindered by high debt burden, weak debt affordability

Moody’s Investors Service is out with another report on Wednesday, this time on the Indian economic assessment, given the country’s high debt burden.

Key Quotes:

“India's fiscal flexibility hindered by high debt burden, weak debt affordability.

India's debt burden will rise unless nominal GDP growth increases durably above 11%.

Assume India real GDP growth at 6.3% in FY21 from rates of sub-5%, keep debt burden stable around 70% of GDP.

High India debt burden, weak debt affordability would constrain capacity to implement social, infra investment.”

US: Stand ready to engage in serious negotiations with Iran

US: Stand ready to engage in serious negotiations with Iran More to come ...
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USD/CAD refreshes monthly top amid WTI pullback, eyes on BOC’s Poloz

USD/CAD takes the bids to 1.3040, following the high of 1.3049, during early Thursday. The quote extends the previous pullback as oil prices weakens.
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