Battle Between Moody’s Analytics Report And Modi’s Reforms

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Few days back, Moody’s Analytics report redflagged the “belligerent provocation of various Indian minorities” but his supporters went down the rail when they tried to communalize the report.

The report was indeed written by a junior analyst, and then the war between the Moody’s report and Modi’s government began which was backed by the Media.

The report published by Moody’s Analytics, a division of US-based rating agency Moody’s Corporation, said that:

 

“While Modi has largely distanced himself from the nationalist jibes, the belligerent provocation of various Indian minorities has raised ethnic tensions. Along with a possible increase in violence, the government will face stiffer opposition in the upper house as debate turns away from economic policy. Modi must keep his members in check or risk losing domestic and global credibility.”

 

To counter the report, a statement was issued by the Press Information Bureau says that:

 

“The government notes with distress that the personal opinion of a junior analyst was passed off as a commentary on India by a rating agency by the media to buttress the narrative it wants to portray.”

 

It termed the view as the “personal opinion of a Junior Associate Economist employed with Moody’s Analytics”.

The government statement said it was “surprising that no due diligence was done” and “readers were not informed” about the difference between Moody’s Analytics and Moody’s Investor Services.

Moody’s Analytics has denied that its report expressing concern over what it called the belligerent provocation of various Indian minorities, was the personal opinion of an analyst employed with it.

 

“The report was published by and is the view of Moody’s Analytics as part of its economic outlook series. The report included a section observing political developments in the context of their potential economic impact, and did not advocate any political agenda or perspective. Moody’s Analytics provides economic research and analysis and is a separate company from Moody’s Investors Service, the ratings agency,”
a spokesperson from Moody’s Analytics said in an email response to The Indian Express.

 

In a press release, the Modi government said,
“It is with regret the Government of India notes the irresponsible and distorted reporting by certain sections of the Indian media on what was the personal opinion of a Junior Associate Economist employed with Moody’s Analytics.”

 

Moody’s Analytics stands by their report with saying the same while Modi’s government clearly indicates that they dislike the report and do not agree with it at all.

Media also hyped the content over the campaigns ran over the Twitter, and the posts on Facebook and tweets then came in.

The rising intolerance and factor of discrimination over religion, indeed.

 

Cover Image Source: AFP.

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Ayush Garg

Content Developer. Strategist. (A true) Startup Enthusiast. A kind of a guy who relies on analysis, and writes to spoil the masks. A threat to humor, if one liners could kill. Twitter: @profylayush.

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