BRIC: GK, General Studies and Current Affairs

India might be 1st BRIC to lose investment rating: S&P

As per the ratings agency Standard & Poor’s India may become the 1st BRIC country to be degraded in investment grade rating. What is the reason that might lead India loose its investment rating? Slow GDP growth and degree of susceptibility to economic shock are reasons behind the possible fall in ratings Rating prospects shows ..

Business & Industry Updates

1. May 1, 2009India’s foreign exchange reserves rose by $631 million for the week ended April 24 to $253.091 billion from $252.460 billion in the previous week.The reserves had dropped by $517 million for the week ended April 17 to $252.460 billion from $252.977 billion in the previous week. 2. May 1, 2009According to an ..