📷 Image: Wikimedia Commons / Ministry of Commerce and Industry (India)
Business
Piyush Goyal Alleges Unfair Treatment of India by Rating Agencies
✍️ The Indian Express
🗓 27 Jun 2026, 10:50 AM
👁 2
Union Minister Piyush Goyal has publicly stated that international credit rating agencies Fitch, Moody's, and S&P have been unfair in their assessments of India.
Union Minister Piyush Goyal has voiced strong criticism against prominent international credit rating agencies, namely Fitch, Moody’s, and S&P. According to Goyal, these agencies have not provided a fair evaluation of India's economic standing.
He asserted that the methodologies and conclusions drawn by these rating bodies have been inequitable when applied to the Indian context. The minister's remarks suggest a perceived bias or a lack of understanding of India's unique economic landscape by these global financial institutions.
This public statement from a senior government figure highlights a significant point of contention between India and the major credit rating agencies, potentially impacting investor perception and the country's borrowing costs.
He asserted that the methodologies and conclusions drawn by these rating bodies have been inequitable when applied to the Indian context. The minister's remarks suggest a perceived bias or a lack of understanding of India's unique economic landscape by these global financial institutions.
This public statement from a senior government figure highlights a significant point of contention between India and the major credit rating agencies, potentially impacting investor perception and the country's borrowing costs.