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India needs to look beyond what rating agencies think, says ex-RBI governor Raghuram Rajan

Updated : August 06, 2020 12:34 PM IST

He said the RBI needs to focus on whether the credit is reaching the stressed areas of the economy and also if the viable firms were able to access credit and not the unviable ones.
The government has announced several initiatives to help the poor and small- and medium-sized businesses, but actual cash outgo from the government's measures has been estimated at just about 1 percent of GDP.
India needs to look beyond what rating agencies think, says ex-RBI governor Raghuram Rajan

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