New Delhi, May 5 (BNP): India has emerged as the most resilient large emerging market economy since 2020, supported by strong macroeconomic fundamentals and substantial foreign exchange reserves, according to Moody’s Ratings.
In its latest report on emerging markets, Moody’s noted that India’s sizeable forex reserves have helped curb currency volatility and strengthen investor confidence during periods of global uncertainty and economic shocks.
The rating agency stated that India is well-positioned to manage future external shocks, citing a clear and predictable monetary policy framework, well-anchored inflation expectations, and a flexible exchange rate system that allows adjustment when required.
Moody’s further observed that India is among the better-placed sovereigns in the emerging market space, adding that the country is likely to enter any future stress periods with strong and readily accessible economic buffers.
