New Delhi, April 25 (ANI): In a move that has set the alarm bells ringing for the Indian economy amidst the already dwindling rupee, International Ratings agency Standard & Poor’s today cut India’s outlook to negative from stable, citing slow progress on its fiscal situation, as well as deteriorating economic indicators. Stating that India’s investment and economic growth had slowed, S&P revised its outlook for the Indian economy to negative and gave it an overall rating of BBB ( ). India was earlier rated at BBB levels by the agency.
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