Live
- A Guide to Temperature and Humidity Standards in Data Center Server Rooms
- Gadwal collector briefs on details of voters
- Jupally Krishna Rao takes part in Alampur rallu
- Bharath Prasad files 3rd Nomination
- Baisakh Month: A Time of Auspicious Beginnings and Sacred Festivals
- Oust BJD govt for overall development, says Shah
- Unveiling the Hidden Gems: Surprising Health Benefits of Garlic Peels
- Overcoming Sleep Struggles: A Comprehensive Guide to a Restful Night
- RTC bus hit the auto
- MLA Kuchukula Rajesh Reddy participated in the Birappa festival
Credit view hinges on policies of new government: Moody's
Moody's on Thursday said its credit view on India will depend on policies of the new government and expressed hope that the country would continue with its fiscal consolidation plan.
New Delhi: Moody's on Thursday said its credit view on India will depend on policies of the new government and expressed hope that the country would continue with its fiscal consolidation plan.
"Any credit implications of the outcome of India's general election will be determined by the policies adopted by the government in the next few years.
These policies are yet to be formulated," Moody's Investors Service VP Sovereign Risk Group William Foster said.
Moody's expects the broad push towards fiscal consolidation to remain, although with greater policy emphasis on supporting low incomes, Foster added.
As per the trend, BJP-led NDA will form the government at the Centre for the second successive term with absolute majority.
In 2017, the US-based rating agency upped India's rating to 'Baa2' from 'Baa3', changing outlook to 'stable' from 'positive', and said reforms would help stabilise rising levels of debt.
Deviating from the fiscal consolidation path as per the Fiscal Responsibility and Budget Management (FRBM) Act, the government in February's interim budget pegged the fiscal deficit for 2019-20 at 3.4 per cent of GDP, as against the original target of 3.1 per cent.
