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India Business News: Indian companies are experiencing strong growth due to domestic demand and government spending, according to credit rating analysis by Crisil and ICRA
During these six months, the ratings upgrades-to-downgrades ratio by both credit ratings companies was nearly 2:1, i.e., for every two companies which were upgraded, one was downgraded. A ratio of one or more indicates more upgrades than downgrades, and is a positive sign for the economy and the corporate sector.