CNN Central News & Network–ITDC India Epress/ITDC News Bhopal: To accurately present India’s economic progress to the world, it is essential that our credit rating is based on impartiality and real data. Recently, the Chief Economic Advisor expressed concern that if we do not have authentic and accurate data, credit rating agencies will not be able to present a true picture of our economy. This will not only impact our economic policy-making but also affect the prospects of strengthening investment and economic structure in India.
It is crucial for us to rely on real data rather than scaled and modified data. If we rely on scaled data, it will stray from reality, and the ratings based on it will misrepresent our economic situation. Such ratings would create a distorted image of India for international investors, impacting opportunities for investment and trade in India.
The impartiality of credit ratings can only be ensured when agencies are provided with authentic and transparent data. Without accurate data, the foundation for developing our infrastructure will weaken. Making investment, economic policy, and trade decisions based on such data will be challenging. If we want India’s economic framework to become stronger, it is essential to prioritize the collection of real data and transparency.
The government should also ensure that data collected from all sectors undergoes authentic and unbiased analysis, so that India’s actual economic condition can be clearly presented to the world. Accurate data will strengthen economic policies and inspire us to build a robust infrastructure. India should take steps in this direction to ensure that our economic image is based on fairness and reality, enhancing India’s stature on the global stage.
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