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The rating upgrade reflects the view that they will continue to improve their asset quality, benefiting from good economic prospects and structural improvements in operating conditions
Virmani further said that he does not see any impact of the US and European banking crisis on the Indian financial sector. "So in the current fiscal year because of all the changes which have happened in the last year, I have reduced my India s economic growth forecast by 0.5 per cent. Indian Economy To Grow at Around 6.5% in Financial Year 2024, Says NITI Aayog Memeber Arvind Virmani.