Tuesday, June 30, 2015

Indian Reforms Stalling: Moody's & Fitch

While agreeing that the economy isn't worsening under Modi, ratings agencies Moody's and Fitch are expressing concerns that momentum for previously stated reforms is stalling:

http://indiatoday.intoday.in/story/moody-ratings-on-modi-government-creeping-in-over-modi-govt-reform-pace/1/448105.html

http://www.financialexpress.com/article/economy/india-to-grow-at-7-8-in-2015-surpass-china-fitch/92508/

2 major platform planks, the Land Bill and the GST Bill, are bogged down due to opposition obstructionism, and there doesn't seem to be anything new from the govt being put through for reforms. They need to come up with more.

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