Moody's Analytics today cautioned Prime Minister Narendra Modi that the country may lose domestic and global credibility if he doesn't rein in the members of his party in the backdrop of controversies like on beef.In a report titled India Outlook: Searching for Potential, Moody's Analytics said for the country to reach its growth potential it has to deliver the promised reforms. It projected that India's GDP growth for September quarter at 7.3 per cent, while for the full fiscal it would be 7.6 per cent.As regards interest rates, it said low rates will buttress the economy in the short-term but reforms are needed to reach long-term potential growth.Moody's Analytics, the research and analysis arm of Moody's Corporation, projected the RBI to keep rates on hold for the remainder of 2015, with a small chance of another cut early next year. It, however, cautioned that Indian equities have suffered loss in global and domestic investors.
News On AIR | October 30, 2015 12:09 PM