The major ratings agencies are increasingly complaining about the country’s lack of a growth strategy and its outsize budget deficits. But the impact has been limited, owing to the authorities’ ability to stuff debt down the throats of captive local banks, insurance companies, and pension funds.
确实，印度政府必须认真考虑该国日益增加的失去投资级信用评级的风险。主要评级机构越来越多地指出印度缺少增长战略，其预算赤字也越来越大。但这样做的影响力有限，因为当局有能力强迫本地银行、保险公司和退休基金吞下债务。