Current Affairs · Global Economy
Consider the following statements regarding the implications of credit rating actions and fiscal metrics: I. The downgrade of the U.S. credit rating triggered immediate global panic in financial markets and caused a steep, permanent drop in investor confidence worldwide. II. India's gross government debt is currently estimated to be near 80% of its GDP, according to recent IMF data. III. India's dependence on external financing makes it vulnerable to global interest rate hikes and shifts in capital flows. IV. Structural inefficiencies like low tax compliance and judicial delays in insolvency cases are contributing factors to India's fiscal vulnerability. Which of the above statements are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1All four
- 2I, III, and IV only
- 3II, III, and IV only✓
- 4I, II, and III only
Correct answer
II, III, and IV only
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