As per the newspaper reports the Standards and Poors (S&P) has changed India’s sovereign rating from ‘Negative’ to ‘Stable’. This means— India’s economic condition has improved a lot. There is no pressure of inflation of the economy as it is well under control. India’s economic condition has further gone down as it has failed to control the fiscal deficit.

• A. Only 1
• B. Only 2
• C. Only 3
• D. Only 1 and 2
• E. None of these