EVEN WHILE THE GOVERNMENT CLAIMS TO HAVE RECOVERED FROM “TEMPORARY SLOWDOWN OF THE ECONOMY”,STANDARD AND POORS,THE WORLD RATING AGENCY FOR ECONOMIC GROWTH,HAS WARNED INDIA THAT ITS SOVERIEGN RATING WOULD BE LOWERED FROM THE CURRENT OUTLOOK OF “NEGATIVE” WITHIN A YEAR

IT ALSO SAID THAT CURRENT ACCOUNT DEFICIT (CAD) WOULD NARROW SLIGHTLY TO ABOUT 3.7 PER CENT OF GDP BY MARCH,2014.INDIA”S CAD WIDENED SIGNIFICANTLY IN 2013 TO 5 PER CENT OF GDP,THE HIGHEST IN MORE THAN A DECADE.