October 30, 2014 6:23 PM

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India's recent reform measures to accelerate growth: Moody's

Global rating agency, Moody's today said the recent reform measures by the government and the Reserve Bank are credit positive as they will accelerate growth, if successfully implemented. In a report released today, Moody's Investors Service also lauded the 'Make in India' campaign. The report said the financial inclusion measures, infrastructure development initiatives, clarity around inflation targets, and banking and energy sector reforms will improve the investment climate and allow the economy to reap the benefits of lower global commodity prices and international financial flows seeking real investment assets. Moody's also said policies that lower fiscal deficits, stabilize inflation and strengthen the banking sector can help sustain higher growth rates of around 7.5 percent over the next 5 to 10 years. But Moody's ruled out any revision in the country's credit rating.

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