India less vulnerable to external financial shocks, says Moody’s
A day before the US announced measures related to reciprocal tariffs, Moody’s on Tuesday said that India is relatively less susceptible to external financial shocks and will be the fastest-growing advanced and emerging economy.“India has a low external vulnerability indicator (EVI) of 61 per cent, indicating its relatively lower susceptibility to external financial shocks,” a report by Moody’s Ratings said. Further, this is supported by its relatively modest external debt-to-GDP ratio of 19 per cent and low export dependency on the US (about 2 per cent of GDP).Related StoriesIndia’s high tariffs,...