"Standard & Poor's warned Monday that India could be the first of the BRIC emerging economies to lose its investment-grade rating unless the Asian giant revives its growth and spurs reforms.The agency's report, titled "Will India be the first BRIC Fallen Angel?" comes as India grapples with a raft of economic woes including high inflation, slowing growth and a troubled currency."Setbacks or reversals in India's path toward a more liberal economy could hurt its long-term growth prospects and therefore its credit quality," said Joydeep Mukherji, an S&P credit analyst."cont'dhttp://india.nydailynews.com/newsarticle/4fd61dbeb1e35dcc6e0...
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