S & P warns India

Currently the entire world is thinking that only USA is in financial crisis. But nobody is aware of the financial crisis that is happening in India. Though USA crisis is visible for everybody in the world, Indian crisis is completely invisible. That’s because Indian economic crisis is happening because of corruption by politicians. Standard & Poor (S&P) recently downgraded India’s investment grade as BBB-, which is the least in the investment ranking of any country. Now in a recent interview that happened in BBC, S&P has warned that they may further reduce the rating of Indian economic investment due to which India will be pushed into the list of junk countries which has no preferences for investment. They also pointed out Manmohan’s government and they told the government should take lots of steps to ensure that this does not happen. With an inefficient government, India is almost going towards the edge of severe financial crisis. Hope the current finance minister Pranab Mukerjee and the former finance minister and present Prime Minister Manmohan Singh will wake up before S&P pushes India into the junk list.