S&P report threatening to downgrade India: Who said what

It's not a big thing. Investors are not unduly concerned about the warning. This is also because India is not a major borrower in global marketsRashesh Shah, Chairman, Edelweiss Group, in The Times of India.

Print Edition: Jul 08, 2012

Rashesh Shah

It's not a big thing. Investors are not unduly concerned about the warning. This is also because India is not a major borrower in global markets
Rashesh Shah, Chairman, Edelweiss Group, in The Times of India

Pranab Mukherjee

This (S&P report) is not based on a fresh rating action... Between April 2012 and now there are no significant events to indicate that the economy's vulnerability to shocks has increased, though the growth numbers for the fourth quarter 2011/12 have come below expectations
Pranab Mukherjee, Finance Minister, on CNN-IBN

Romesh Sobti

It is a bit of a stretch to say that the Indian economy is back to its bad old days. The scale and scope of the Indian economy is at a much different level than it was in the 1990s and its ability to recover rapidly is very strong
Romesh Sobti, MD & CEO, IndusInd Bank, in The Times of India

Mohandas Pai
The government and the finance ministry are in denial and are actually shooting the messenger by denying the report
Mohandas Pai, Chairman, Manipal Global Education Services, on NDTV

Setbacks or reversals in India's path towards a more liberal economy could hurt its long term growth prospects, and thus, its credit quality
S&P in its report, quoted by wire agencies

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S&P report threatening to downgrade India: Who said what