India?s high inflation weighing down recovery, rating: Moody?s

India’s expected accel-eration in GDP growth and its rating was being weighed down by high food inflation, Moody’s said on Thursday. ?Recu-rrent inflationary press-ures have also constrai-ned India?s sovereign rating as they keep dom-estic capital costs high, erode domestic purchas-ing power as well as savi-ngs and lower competiti-veness,? Moody’s, which has a Baa3 rating on India with a ‘stable’ outlook, said.