Recently released ICRA credit Ratings have given Telangana State with thumping A + rating. Earlier, in the united Andhra Pradesh Government rated A- by ICRA. The rating would be given by considering six main factors including the capability of repayment of loans. As boasted by CM and his family, the richest state in the country could get A+ rating easily. There is no complex math involved in this.
Currently the discussion is that how far these ratings help the people of the state. Is it helpful to attract the investments in spurred way. The answer may be no, because the rating can only help the government to get the loans easily compared with other states. Recently, World Bank rankings alerted the state regarding mounting debts.
Hyderabad region being the main source of income. Experts worry that the economic contribution mix of the state also. Most of the rural districts in the state are backward and recent agitation of opposition to waive the farm loan in one go, turned futile and led to their suspension in today’s TS assembly. There are no steps taken by government to level the economic gap between Hyderabad and other regions.
