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India to have own system to rate nations

The finance ministry has developed a new sovereign comparative rating method, which would be a part of this year's Economic Survey. The index, called the “Comparative Rating Index for Sovereigns” (CRIS), is based on Moody’s ratings and data on the gross domestic product (GDPs) of different nations as given by the International Monetary Fund, said Chief Economic Adviser Kaushik Basu.

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