Moody's Investors Services lifted India's local and foreign currency debt ratings, saying that continued progress on economic and institutional reform will enhance India's high growth potential.
Reuters file photo
Mumbai/New Delhi:- India's fiscal deficit glide path set out for 2025-26 is reasonable, but a coalition government at the center may pose challenges to pass bigger reforms that the economy needs, an analyst at Moody's Ratings said on Tuesday (July 23).
"The question is about whether or not the coalition government and kind of the trade-offs required in the coalition are going to be an impediment," Gene Fang, Associate Managing Director, Sovereign Risk at Moody's Ratings told Reuters in an interview.
"I think it's certainly a challenge."
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