Alarming report by Moodys According to Moodys, increase in GDP beyond 65% is not a good sign for the economy of the country. He highlighted a similar scenario of Greece wherein it faced debt of 120% to GDP. He furthermore said that Even strong reforms cant save India. From an economic point of view, India need strong policies (major economic reforms) backed up with strong implementation at root level. To achieve higher growth in Indian market, we need political stability for at least a decade. We cannot expect immediate growth in the market from the forthcoming political party, which will rule India. All of we aware that the result from the policy (which would be framed by new government) would not be instantly. It would take time. As an Indian citizen, we could adopt wait and watch policy rather than expecting much from the new government. Lets hope for the best.
Posted on: Fri, 09 May 2014 07:35:23 +0000